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2024 (2) TMI 402 - DELHI HIGH COURTEarly disposal of the rectification applications - Rectification application to issue refund against the Short-Grant of TDS credit as well as brought forward of loss and unabsorbed depreciation - early disposal of the rectification applications - HELD THAT:- As emphasized u/s 154(8) of IT Act the statutory period to dispose of a rectification application is “six months from the end of month in which the application was received”, which already stands expired in the present cases. Circular No.14/2001 dated 9th November, 2001 and Instruction No. 01/2016 dated 15th February, 2016 issued by the Central Board of Direct Taxes (CBDT) states that “time-limit of six months is to be strictly followed by Assessing Officer while disposing applications filed by the assessee/deductor/collector under section 154 of the Act”. Keeping in view the limited relief sought in the present matters, the writ petitions along with the applications are disposed of with a direction to the respondent no.1 to decide the petitioner’s rectification applications dated 30th June, 2021 and 29th January, 2020 by way of a speaking order in accordance with law within eight weeks and consequential refunds along with up-to-date interests, if any, be released to the petitioner in further eight weeks’ time.
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