Condonation of delay in refund claims: Assessing officers authorised to admit belated claims subject to specified conditions. Assessing Officers are authorised to admit belated refund claims arising from excess advance tax payments provided specified conditions are met: the refund arises solely from excess advance tax, the returned income is not a loss claimed for carry forward, the refund claimed is not supplementary after completion of the original assessment, and the income is not assessable in the hands of any other person. This delegation is effective from the stated commencement date and is intended to prevent hardship while ensuring compliance with the listed safeguards.
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Condonation of delay in refund claims: Assessing officers authorised to admit belated claims subject to specified conditions.
Assessing Officers are authorised to admit belated refund claims arising from excess advance tax payments provided specified conditions are met: the refund arises solely from excess advance tax, the returned income is not a loss claimed for carry forward, the refund claimed is not supplementary after completion of the original assessment, and the income is not assessable in the hands of any other person. This delegation is effective from the stated commencement date and is intended to prevent hardship while ensuring compliance with the listed safeguards.
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