S. 143(1): CBDT Relaxes Time Period For Issue Of Refund Intimations
The CBDT has issued Instruction No. 18/2013 dated 17.12.2013 stating
that there are several instances where die to technical or other reasons
the intimation in refund cases could not be sent to the assessees
within the time limit prescribed in the second proviso to s. 143(1) of
the Act. To alleviate the grievance
caused to the assessee, the CBDT has
exercised its powers u/s 119(2)(a) of the Act to extend the time frame
prescribed in the second proviso to s. 143(1) and directed the AOs to
grant the refund subject to conditions.
No comments:
Post a Comment