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of <h1>Tax Authority Extends Processing Time for Income Tax Refunds Under Section 143(1) for AYs up to 2017-18</h1> The tax authority acknowledges delays in processing certain income tax returns with refund claims under section 143(1) of the Income-tax Act, 1961, beyond the prescribed time limits due to technical or other non-assesse-related reasons for assessment years up to 2017-18. To address taxpayer grievances, the authority extends the time limit for processing such valid returns with refunds, allowing processing with prior administrative approval by the Principal Chief Commissioner or Chief Commissioner of Income Tax and mandates completion by October 31, 2020. This extension excludes returns under scrutiny, those showing demand payable or likely to arise, and those unprocessed due to taxpayer-related reasons. The directive ensures that all subsequent actions, including refunds, follow prescribed procedures, and requires coordination with the Principal Director General of Income Tax (Systems) for enabling case-by-case processing.
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