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Processing of returns filed in FY 2014-15 getting time barred

Income Tax - 140 - Dated:- 15-3-2016 - AST INSTRUCTION NO.140 [F.NO.DGIT(S)/DIT(S)-3/AST/TMS/ONLINE/27-C/2015-16], DATED 15-3-2016 As you are aware that returns furnished by the assessees during the FY 2014-15 are pending for processing under section 143(1) and the limitation date for the same is 31-3-2016. In this regard, to facilitate the processing of returns which are otherwise not possible to be processed on AST due to various technical and non-technical reasons the Online TMS functionality .....

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PAN. The reasons are as under: (i) Invalid PAN mentioned in the return. (ii) PAN is not available. (iii) Name in PAN database does not match with Return name. (iv) Return with one PAN issued to two different entities or someone filing a return quoting the PAN of original holder and this wrong return is processed first in AST/CPC/TMS , therefore the system will not allow processing of original PAN holder. (v) Any other contingency in AST not allowing the processing of such return even with valid .....

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tegory 1) : This functionality caters to the cases mentioned in para 1.1. The key features of the software are as under: (i) The returns can be entered by AO having return of income, although the PAN is lying in some other jurisdiction. (ii) The returns with PAN out of jurisdiction, deleted PAN, PAN under de-duplication, PAN under restoration etc. can be processed on this system. (iii) The AO having return of Income can process returns till the command for integration of this data to AST is give .....

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