Admitting belated refund claims requires prior supervisory approval under a tiered threshold regime and administrative oversight. Authorises Assessing Officers to admit belated refund claims, including those from excess advance tax payments, subject to a tiered prior-approval regime: lower-value refunds require prior approval of the Commissioner of Income-tax, while refunds above that level but below a higher threshold require prior approval of the Chief Commissioner or Director General; the designated senior officers will exercise administrative control and ensure compliance with the conditions of the Board's order.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Admitting belated refund claims requires prior supervisory approval under a tiered threshold regime and administrative oversight.
Authorises Assessing Officers to admit belated refund claims, including those from excess advance tax payments, subject to a tiered prior-approval regime: lower-value refunds require prior approval of the Commissioner of Income-tax, while refunds above that level but below a higher threshold require prior approval of the Chief Commissioner or Director General; the designated senior officers will exercise administrative control and ensure compliance with the conditions of the Board's order.
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