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A Small comparison of guidelines issued by CBDT with previous one to deal with Condonation of delay in filing returns claiming refund and returns carry forward of loss and set-off.

Dated:- 17-6-2015 - Comprehensive guidelines by CBDT To deal with applications for condonation of delay in filing returns claiming refund and returns carry forward of loss and set-off [Circular 09/2015 dated 9-6-2015] 1) Powers to entertain application Designation Amount of claim Condition Remark Earlier CBDT instructions 13/2006 dated 22-12-2006 Principal Comm. / Commissioner =<10 lacs Any one asse .....

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d in this category. Same provision except same power given to Principal Chief Commissioner also. Board i.e. CBDT >50 lacs Any one assessment year. If assess filed application for 2 years and amount is less than or equal to 50 lacs in any one year, it will be covered in this category. Same provision 2) Application for condonation for claim of refund / loss can be made within 6 years from the end of the assessment .....

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condonation application is filed within 6 months from the end of month in which order passed or the end of financial year, whichever is later. [New instruction introduced] 5) Conditions : a) Income / loss declared and/ or refund claimed should be correct and genuine and case should be genuine hardship on merits. b) Respective authorities authorise to accept such application have empowered to direct the jurisdictional AO to make necessary enquiry or scrutinize the case as per provisions of the A .....

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