CBDT relaxes timeline for processing of non-scrutiny ITRs filed upto AY 2017-18 with refund claim

The Central Board of Direct Taxes (CBDT) has relaxed the time framed prescribed under second proviso to Section 143(1) to provide that all validly filed Income-tax returns up to Assessment Year 2017-18 with refund claims can be processed, with prior approval of Pr. CCIT/CCIT, by October 31, 2020. The board has also specified returns where such relaxation shall not be available.The Central Board of Direct Taxes (CBDT) has relaxed the time framed prescribed under second proviso to Section 143(1) to provide that all validly filed Income-tax returns up to Assessment Year 2017-18 with refund claims can be processed, with prior approval of Pr. CCIT/CCIT, by October 31, 2020. The board has also specified returns where such relaxation shall not be available.taxmann.com NewsRead More

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