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of <h1>CBDT Extends Deadline to Process Refund Claims for AYs 2012-2015 Until March 31, 2017, u/s 119.</h1> The Central Board of Direct Taxes (CBDT) has identified delays in processing income tax returns with refund claims for Assessment Years 2012-2013, 2013-2014, and 2014-2015, resulting in taxpayers not receiving their due refunds. To address this, CBDT has extended the deadline for processing these returns to March 31, 2017, under section 119 of the Income-tax Act, 1961. This extension does not apply to cases affected by section 143(1D) or where a demand is payable or likely to arise. All concerned parties are instructed to comply with this order.
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