Indian Income-Tax Act, 1922

50. Limitation of claims for refund.—No claim to any refund of income-tax [or super-tax] under this Chapter shall be allowed, unless it is made within [four years from the last day of the financial year commencing next after the expiry of the previous year in which the income arose, accrued or was received or was deemed to have arisen, accrued or been received or was brought into [the taxable territories]:

Provided that where the claim is to a refund of income-tax or super-tax paid prior to the commencement of the Indian Income-tax (Amendment) Act, 1939, the claim shall not be allowed unless it is made within one year from the last day of the year in which the tax was recovered or before the last day of the financial year commencing after the expiry of the previous year as defined in clause (ii) of section 2 in which the income arose on which the tax was recovered, whichever period may expire later:]

[Provided [further] that a claim to refund under section 49 [of tax paid prior to the commencement of the Indian Income-tax (Amendment) Act, 1939], may be admitted after the period of limitation herein prescribed, when the applicant satisfies the Commissioner, or an Assistant Commissioner of Income-tax specially empowered in this behalf by the Central Board of Revenue, that he had sufficient cause for not making the claim within such period.]

 

 

 

[As amended up to date]