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of <h1>Tax Authorities Allow Correction of Disputed Arrears Beyond Limitation Period; Assessing Officers to Verify and Issue Refunds.</h1> The circular issued by the tax authorities addresses the issue of disputed arrear demands recorded against taxpayers. Assessing Officers (AOs) have been unable to rectify these due to the expiration of a four-year limitation period. The Board, recognizing the hardship caused, authorizes AOs to correct these arrear demands after verification, even if the limitation period has elapsed. In cases where refunds have been adjusted against disputed demands, AOs must verify and issue refunds if necessary. The instructions apply to cases requiring reconciliation of arrear demands, whether uploaded to the Financial Accounting System or remaining in AO records.
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