https://www.taxtmi.com/forum/issue?id=118711 A refund of excess income tax is obtainable only by filing an income tax return that discloses the tax credit; an updated return available within 24 months is permitted only when it increases tax liability. The updated return regime excludes returns of loss, decreases in tax liability, or any updated return that would result in or increase a refund, so it cannot be used to create or augment a refund omitted in the originally filed return. Discretionary condonation of delay and departmental supplementary refund procedures were identified as possible administrative remedies. en-us Wed, 23 Aug 2023 16:01:38 +0530 Thu, 23 Jan 2025 14:23:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118711 A refund of excess income tax is obtainable only by filing an income tax return that discloses the tax credit; an updated return available within 24 months is permitted only when it increases tax liability. The updated return regime excludes returns of loss, decreases in tax liability, or any updated return that would result in or increase a refund, so it cannot be used to create or augment a refund omitted in the originally filed return. Discretionary condonation of delay and departmental supplementary refund procedures were identified as possible administrative remedies. Discussion-Forum Income Tax Wed, 23 Aug 2023 16:01:38 +0530 https://www.taxtmi.com/forum/issue?id=118711