https://www.taxtmi.com/circulars?id=8399 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. en-us Thu, 30 Oct 2003 00:00:00 +0530 Fri, 03 Dec 2010 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8399 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. Circulars Income Tax Thu, 30 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8399