Delegation of condonation powers for delayed income tax refund claims expands CCIT authority while higher claims remain with the Board. Condonation of delay in filing returns and claiming refunds is regulated by revised delegation: CCIT may accept or reject delayed refund claims within an enhanced monetary limit, with their decision final at that level; CITs retain authority for lower claims; claims above the CCIT limit remain with the Central Board. Delayed refund claims will be subject to scrutiny. The CCIT's delegated powers are conditional: refunds must arise from excess TDS/TCS or advance tax payments; income must not be assessable in another person's hands; no interest on belated refunds; first time returns may be directed to regular assessment before refund; claims older than six assessment years are excluded; not applicable to years before assessment year 1996-97.
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Provisions expressly mentioned in the judgment/order text.
Delegation of condonation powers for delayed income tax refund claims expands CCIT authority while higher claims remain with the Board.
Condonation of delay in filing returns and claiming refunds is regulated by revised delegation: CCIT may accept or reject delayed refund claims within an enhanced monetary limit, with their decision final at that level; CITs retain authority for lower claims; claims above the CCIT limit remain with the Central Board. Delayed refund claims will be subject to scrutiny. The CCIT's delegated powers are conditional: refunds must arise from excess TDS/TCS or advance tax payments; income must not be assessable in another person's hands; no interest on belated refunds; first time returns may be directed to regular assessment before refund; claims older than six assessment years are excluded; not applicable to years before assessment year 1996-97.
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