Processing of returns with refund claims under section 143(1) of the Income-tax Act, 1961 beyond the prescribed time limits in non-scrutiny cases.
CBDT extends the time frame for processing the validly e-filed returns up to AY 2017-18 with refund claims in non-scrutiny cases from Nov 30, 2021 to Jan 31, 2024 Central Board of Direct Taxes vide its order under section 119 of the Income-tax Act, 1961 dated 05.07.2021 and 30.09.2021, relaxed the time frame prescribed in second proviso to Section 143(1) of the Act and directed that all validly filed returns up to AY 2017-18 with refund claims, which could not be processed under Section 143(1) of the Act and had become time-barred, should be processed by 30.11.2021, subject to the conditions/ exceptions specified therein. The matter has been re-considered by the Board in view of pending taxpayer grievances related to issue of refund and to mitigate the genuine hardship being…