https://www.taxtmi.com/circulars?id=67827 Delegation of administrative authority permits Commissioners and CPC Bengaluru to accept or reject condonation applications for delayed refund claims and carry forward/set off of losses within prescribed monetary bands; a five-year bar from the end of the assessment year applies to applications filed on or after the effective date, with target disposal within six months. Decisions must ensure reasonable cause and genuine hardship, permit AO inquiries, exclude court-pending periods for certain claims, and limit supplementary refund admissions to specified conditions including no interest and source of excess tax. en-us Tue, 01 Oct 2024 00:00:00 +0530 Thu, 03 Oct 2024 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67827 Delegation of administrative authority permits Commissioners and CPC Bengaluru to accept or reject condonation applications for delayed refund claims and carry forward/set off of losses within prescribed monetary bands; a five-year bar from the end of the assessment year applies to applications filed on or after the effective date, with target disposal within six months. Decisions must ensure reasonable cause and genuine hardship, permit AO inquiries, exclude court-pending periods for certain claims, and limit supplementary refund admissions to specified conditions including no interest and source of excess tax. Circulars Income Tax Tue, 01 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67827