Condonation of delay in filing refund claim and claim of carry forward of losses - Power delegated to PCCIT, PCIT, CCIT, CIT based on monetary limits for acceptance or rejection of application - Directions issued u/s 119(2)(b) of the Income-tax Act, 1961 https://www.taxtmi.com/circulars?id=66362 Condonation of delay for refund and carry forward/setoff of losses under Section 119(2)(b) is subject to revised monetary thresholds allocating acceptance or rejection powers among Principal Commissioners/Commissioners, Chief Commissioners, Principal Chief Commissioners, and the Board; the revised limits apply to applications filed on or after the stated commencement date, while other guidelines of the 2015 Circular remain unchanged. en-us Wed, 31 May 2023 00:00:00 +0530 Thu, 26 Jun 2025 10:11:00 +0530 TaxTMI RSS Generator Condonation of delay in filing refund claim and claim of carry forward of losses - Power delegated to PCCIT, PCIT, CCIT, CIT based on monetary limits for acceptance or rejection of application - Directions issued u/s 119(2)(b) of the Income-tax Act, 1961 https://www.taxtmi.com/circulars?id=66362 Condonation of delay for refund and carry forward/setoff of losses under Section 119(2)(b) is subject to revised monetary thresholds allocating acceptance or rejection powers among Principal Commissioners/Commissioners, Chief Commissioners, Principal Chief Commissioners, and the Board; the revised limits apply to applications filed on or after the stated commencement date, while other guidelines of the 2015 Circular remain unchanged. Circulars Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66362