CBDT has notified extension of Time limit for Processing of returns with refund claims under section 143(1) of the Income Tax Act, 1961 in non-scrutiny cases.
Reetu | Oct 17, 2023 |
CBDT extends Time Limit for Processing of Returns with Refund Claims u/s 143(1) in Non-Scrutiny Cases
The Central Board of Direct Taxes (CBDT) has notified an extension of the time limit for Processing of returns with refund claims under section 143(1) of the Income Tax Act, 1961 in non-scrutiny cases till 31.01.2024.
CBDT vide its order under section 119 of the Income Tax Act, 1961 (Act) dated 05.07.2021 and 30.09.2021 on the captioned subject relaxed the time frame prescribed in second proviso to sub-section (1) of Section 143 of the Act.
It was directed that all validly filed returns up to Assessment Year 2017-18 with refund claims that could not be processed under sub-section (1) of Section 143 of the Act due to time constraints be processed by 30.11.2021, subject to the conditions/exceptions specified therein.
The matter has been re-considered by Board in view of pending taxpayer grievances related to issue of refund. To mitigate the genuine hardship being faced by the taxpayers on this issue, Board, by virtue of its power under section 119 of the Act and in partial modification of its earlier order under section 119 of the Act dated 05.07.2021 and 30.09.2021, supra, hereby further extends the time frame mentioned in the para no. 2 of the order dated 30.09.2021 till 31.01.2024 in respect of returns of income validly filed electronically.
All other contents of the said order U/S 119 of the Act dated 05.07.2021 will remain unchanged.
For Official Order Download PDF Given Below:
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