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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)
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
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