Menu
Monetary limit
for condonation of delay for issuing the refund, what is the monetary limit in respect of CIT, Pr.cit, CCIT Pr. CCIT.
Replies (3)
Quick Summary
No Condonation for claim of refund or loss shall be entertained beyond six years from the end of the assessment year for which application or claim is made. The limit of six years is uniform for all authorities considering the application or claim
What is the limit sir?
1) Upto 10 lakh = Principle Commissioner , Commissioner of Income tax.
2) 10 lakh to 50 lakh = Principle Chief Commissioner , Chief Commissioner of income tax.
3) More than 50 lakh = CBDT
2) 10 lakh to 50 lakh = Principle Chief Commissioner , Chief Commissioner of income tax.
3) More than 50 lakh = CBDT
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
