Relaxation of time limit for processing of valid returns of income filed electronically pursuant to order u/s 119(2)(b) of the Income-tax Act, 1961 passed by Competent Authority

Relaxation of time limit for processing of valid returns of income filed electronically pursuant to order u/s 119(2)(b) of the Income-tax Act, 1961 passed by Competent Authority https://www.taxtmi.com/circulars?id=68671 The Board relaxes the processing timeframe for valid electronic returns filed pursuant to condonation of delay orders, directing that intimations under the return processing provision be issued to affected taxpayers by a specified deadline; exclusions apply where assessment or reassessment proceedings were completed after filing. Consequential effects, including refunds with interest, will follow subject to PAN Aadhaar linkage conditions, and the systems authority must prescribe procedures to process such returns and send intimations. en-us Wed, 25 Jun 2025 00:00:00 +0530 Thu, 26 Jun 2025 10:01:00 +0530 TaxTMI RSS Generator Relaxation of time limit for processing of valid returns of income filed electronically pursuant to order u/s 119(2)(b) of the Income-tax Act, 1961 passed by Competent Authority https://www.taxtmi.com/circulars?id=68671 The Board relaxes the processing timeframe for valid electronic returns filed pursuant to condonation of delay orders, directing that intimations under the return processing provision be issued to affected taxpayers by a specified deadline; exclusions apply where assessment or reassessment proceedings were completed after filing. Consequential effects, including refunds with interest, will follow subject to PAN Aadhaar linkage conditions, and the systems authority must prescribe procedures to process such returns and send intimations. Circulars Income Tax Wed, 25 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68671