[aaykarbhavan] CBDT Directives On Issue Of Refunds And Defective Returns For AY 2013-14

Dear Subscriber,

CBDT Directive On Issue Of Refunds Without Adjustment Of Demand

The Directorate of Income-tax (Systems) has issued a letter dated 22.10.2013 stating that pursuant to the decision of the full Board the process has been initiated to issue refunds without adjustment of demand as an interim measure in certain cases. The AOs have been requested to carry out necessary verification following the procedure prescribed in s. 245 of the Act.

CBDT Directive Regarding Defective Returns For AY 2013-14

The Directorate of Income-tax (Systems) has issued a letter dated 22.10.2013 stating that about 1.46 lakh returns have been submitted for AY 2013-14 where the self-assessment tax was unpaid. It is stated that these returns are deemed defective under the law. The AOs have been requested to issue notices to the concerned assessees and follow-up to ensure that the unpaid self-assessment tax is deposited at the earliest.

Regards,

 

Editor,

 

itatonline.org

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