Saturday, July 11, 2020

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.

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