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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Income Tax Officers' Refund Claim Limit Raised; Chief Commissioner's Approval Needed for Claims Over Rs. 1,000.</h1> The circular issued by the Board under section 119(2)(b) of the Income Tax Act raises the monetary limit for Income Tax Officers to admit belated refund claims under section 237. Effective from February 10, 1988, refunds exceeding Rs. 1,000 but not exceeding Rs. 10,000 require prior approval from the Chief Commissioner of Income Tax. Refund claims up to Rs. 1,000 continue to require approval from the Commissioner of Income Tax, as per previous instructions. Officers are instructed to ensure compliance with these guidelines, and a Hindi version of the letter will be provided.
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