CBDT Gives New Deadline for Processing ITR with Refund U/S 119

CBDT has revealed that the time period for processing the returns including the refund claims beyond the mentioned time limit for cases which does not come under scrutiny from 30, 2021, to November 30, 2021.

“Central Board of Direct Taxes (Board) vide its order under section 119 of the Income-tax Act, 1961 (Act) dated 05.07.2021 on the captioned subject relaxed the time frame prescribed in the 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, which could not be processed under sub-section (1) of Section 143 of the Act and which had become time-barred, should be processed by 30.09.2021 subject to the conditions/exceptions specified therein, revealed notification.”

The concern for that shall be acknowledged through the board with respect to the left assessee’s grievances concerned with the refund problems. To resolve the real issues seen through assessee upon the problems the board beneath section 119 of the Act along with the half modification of previous order beneath section 119 of the Act dated 05.07.2021, supra, had prolonged the time frame provided in para no.3 of the said order from 30.09.2021 to 30.11.2021. But to all the additional contents of the mentioned order beneath section 119 of the Act dated 05.07.2021 shall remain the same.

Section 119 gives the right to the Central Board of Taxes (CBDT) to provide the guidelines to the head of the lower level. Moreover, section 119(2)(b) furnish the right to CBDT to direct income tax head to permit for the claim towards the tax exemption, deduction, refund along with other benefits beneath the income tax act post to the expiry of the time limit to build these claim. But these claims shall be permitted through the income tax authority.