Description
Due to technical issues several IT returns for the AY 2021-22 were not processed under section 143(1) and the timeframe
prescribed under second provision to section 143(1) of the Act, which is nine months from the end of financial year in
which returns were filed had lapsed. This has led to situations where many taxpayers have not received legitimate income
tax refunds due to them.
To mitigate the situation, CBDT in exercise of its powers under section 119 of the Act, vide its order F. No.
225/132/2023/ITA41 dated March 1st 2024, has extended the timeline under second proviso to section 143(1) of the Act
applicable to all Income Tax returns validly filed electronically for AY 2021-22 to April 30, 2024. Such processing
shall be with prior administrative approval of Pr CCIT/ CCIT concerned.
Above relaxation doesn't extend to following returns :
a) returns selected in scrutiny;
b) returns remaining unprocessed, where either demand is shown as payable in the return or is likely to arise after
processing it;
c) returns remaining unprocessed for any reason attributable to the assessee.
