https://www.taxtmi.com/caselaws?id=391423 A belated refund claim under a CBDT circular issued under Section 119 of the Income-tax Act required a liberal, merits-based consideration within the monetary limits prescribed by the circular. The Court noted that such belated refund claims would not carry interest and that the competent income tax authority should examine hardship, as well as the correctness and genuineness of the refund claim, in line with the circular's purpose. The impugned order was set aside and the matter was remitted for fresh consideration and appropriate orders. en-us Thu, 19 Dec 2019 00:00:00 +0530 Tue, 28 Jan 2020 10:14:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391423 A belated refund claim under a CBDT circular issued under Section 119 of the Income-tax Act required a liberal, merits-based consideration within the monetary limits prescribed by the circular. The Court noted that such belated refund claims would not carry interest and that the competent income tax authority should examine hardship, as well as the correctness and genuineness of the refund claim, in line with the circular's purpose. The impugned order was set aside and the matter was remitted for fresh consideration and appropriate orders. Case-Laws Income Tax Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391423