{"id":211,"date":"2015-07-10T11:35:04","date_gmt":"2015-07-10T06:05:04","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=211"},"modified":"2024-04-14T10:22:29","modified_gmt":"2024-04-14T04:52:29","slug":"applications-for-condonation-of-delay-in-filing-returns-claiming-refund-and-returns-carry-forward-of-loss-and-set-off-guidelines-by-cbdt","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/applications-for-condonation-of-delay-in-filing-returns-claiming-refund-and-returns-carry-forward-of-loss-and-set-off-guidelines-by-cbdt\/","title":{"rendered":"HIGHLIGHT ON GUIDELINES BY CBDT"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d2e53fca444\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d2e53fca444\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/applications-for-condonation-of-delay-in-filing-returns-claiming-refund-and-returns-carry-forward-of-loss-and-set-off-guidelines-by-cbdt\/#APPLICATIONS_FOR_CONDONATION_OF_DELAY_IN_FILING_RETURNS_CLAIMING_REFUND_AND_RETURNS_CARRY_FORWARD_OF_LOSS_AND_SET-OFF\" title=\"APPLICATIONS FOR CONDONATION OF DELAY IN FILING RETURNS CLAIMING REFUND AND RETURNS CARRY FORWARD OF LOSS AND SET-OFF\">APPLICATIONS FOR CONDONATION OF DELAY IN FILING RETURNS CLAIMING REFUND AND RETURNS CARRY FORWARD OF LOSS AND SET-OFF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/applications-for-condonation-of-delay-in-filing-returns-claiming-refund-and-returns-carry-forward-of-loss-and-set-off-guidelines-by-cbdt\/#Income_Tax_Deductions_applicable_for_the_Financial_Year_2024-25\" title=\"Income Tax Deductions applicable for the Financial Year 2024-25\">Income Tax Deductions applicable for the Financial Year 2024-25<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/applications-for-condonation-of-delay-in-filing-returns-claiming-refund-and-returns-carry-forward-of-loss-and-set-off-guidelines-by-cbdt\/#All_the_Important_Income_Tax_Applicable_Due_Dates_Limits\" title=\"All the Important Income Tax Applicable Due Dates &amp; Limits\">All the Important Income Tax Applicable Due Dates &amp; Limits<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"APPLICATIONS_FOR_CONDONATION_OF_DELAY_IN_FILING_RETURNS_CLAIMING_REFUND_AND_RETURNS_CARRY_FORWARD_OF_LOSS_AND_SET-OFF\"><\/span><span style=\"color: #000080;\"><strong>APPLICATIONS FOR CONDONATION OF DELAY IN FILING RETURNS CLAIMING REFUND AND RETURNS CARRY FORWARD OF LOSS AND SET-OFF<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled37A.png\" rel=\"attachment wp-att-1637\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1637\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled37A-300x165.png\" alt=\"Untitled37A\" width=\"885\" height=\"487\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled37A-300x165.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled37A.png 508w\" sizes=\"(max-width: 885px) 100vw, 885px\" \/><\/a><\/p>\n<table style=\"height: 1402px;\" width=\"911\">\n<tbody>\n<tr>\n<td width=\"846\"><span style=\"color: #993300;\"><strong>Comparison of New guidelines\u00a0\u00a0with Existing\/earlier \u00a0Guidelines<\/strong><strong>New:\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0Circular 09\/2015 dated 9-6-2015<\/strong><strong>VS<\/strong><strong>Earlier: \u00a0\u00a0\u00a0Instructions 13\/2006 dated 22-12-2006<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"846\"><span style=\"color: #3366ff;\"><strong>I.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><strong>Powers to entertain application<\/strong><\/span><\/p>\n<table width=\"843\">\n<tbody>\n<tr>\n<td width=\"116\"><span style=\"color: #3366ff;\"><strong>Designation<\/strong><\/span><\/td>\n<td width=\"83\"><span style=\"color: #3366ff;\"><strong>Amount of claim<\/strong><\/span><\/td>\n<td width=\"86\"><span style=\"color: #3366ff;\"><strong>Condition<\/strong><\/span><\/td>\n<td width=\"296\"><span style=\"color: #3366ff;\"><strong>Remark<\/strong><\/span><\/td>\n<td width=\"261\"><span style=\"color: #3366ff;\"><strong>Earlier CBDTinstructions 13\/2006 dated 22-12-2006<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"116\">Principal Comm. \/ Commissioner<\/td>\n<td width=\"83\">=&lt;10 lacs<\/td>\n<td width=\"86\">Any one assessment year.<\/td>\n<td style=\"text-align: justify;\" width=\"296\">If assess filed application for 2 years and amount is less than or equal to 10 lacs in any one year, it will be covered in this category.<\/td>\n<td style=\"text-align: justify;\" width=\"261\">Same provision except same power given to Principal Commissioner also.<\/td>\n<\/tr>\n<tr>\n<td width=\"116\">Principal chief Comm. \/ Chief Commissioner<\/td>\n<td width=\"83\">&gt;10 lacs=50 lacs<\/td>\n<td width=\"86\">Any one assessment year.<\/td>\n<td style=\"text-align: justify;\" width=\"296\">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.<\/td>\n<td style=\"text-align: justify;\" width=\"261\">Same provision except same power given to Principal Chief Commissioner also.<\/td>\n<\/tr>\n<tr>\n<td width=\"116\">Board i.e. CBDT<\/td>\n<td width=\"83\">&gt;50 lacs<\/td>\n<td width=\"86\">Any one assessment year.<\/td>\n<td style=\"text-align: justify;\" width=\"296\">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.<\/td>\n<td width=\"261\">Same provision<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><strong>II.\u00a0\u00a0\u00a0 <\/strong>Application for condonation for claim of refund \/ loss can be made within 6 years from the end of the assessment year for which such application \/ claim is made.\u00a0<span style=\"color: #3366ff;\"><strong>[Same provision in\u00a0 earlier instructions 13\/2006 dated 22-12-2006 ]<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong>III. <\/strong>Application received for condonation of claim of refund \/ loss will be disposed within 6 months from the end of month in which application is received by the competent authority as far as possible.\u00a0<span style=\"color: #3366ff;\"><strong>[NEW INSTRUCTION INTRODUCED]<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong>IV. <\/strong>If refund claim arise from the Court order, the period for which such proceedings were pending before any court of Law shall be ignored subject to such 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.\u00a0<span style=\"color: #3366ff;\"><strong>[NEW INSTRUCTION INTRODUCED]<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #993300;\"><strong>V.\u00a0\u00a0\u00a0 <\/strong><strong>Conditions :-<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">a.\u00a0\u00a0\u00a0 Income \/ loss declared and\/ or<a href=\"https:\/\/carajput.com\/blog\/tag\/income-tax-refunds\/\"> refund claimed<\/a> should be correct and genuine and case should be genuine hardship on merits.<\/p>\n<p style=\"text-align: justify;\">b.\u00a0\u00a0\u00a0 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 Act.\u00a0\u00a0<span style=\"color: #3366ff;\"><strong>[Same provision in\u00a0 earlier instructions 13\/2006 dated 22-12-2006 ]<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong>VI. <\/strong>In case of supplementary claim of refund, belated application can be accepted subject to further conditions:-<\/p>\n<p style=\"text-align: justify;\">a.\u00a0\u00a0\u00a0 Income of the assess is not assessable in the hands of any other person<\/p>\n<p style=\"text-align: justify;\">b.\u00a0\u00a0\u00a0 No interest on belated claim of refunds<\/p>\n<p style=\"text-align: justify;\">c.\u00a0\u00a0\u00a0 If claim arise due to excess <a href=\"https:\/\/www.caindelhiindia.com\/blog\/apply-online-nil-lower-tds-deduction-certificate-form-13\/\">TDS<\/a> <a href=\"https:\/\/carajput.com\/tds.php\">\/ TCS<\/a> or excess advance tax payment or excess self-assessment tax\u00a0<span style=\"color: #3366ff;\"><strong>[Same provision in\u00a0 earlier instructions 13\/2006 dated 22-12-2006 ]<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong>VII.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong>Special provision in case of applicant who has made investment in 8% Savings (Taxable) Bonds, 2003 Issued by GOI and opt for scheme of cumulative interest on maturity but has accounted interest earned on mercantile basis \u2013 Time limit of 6 years will not be applicable.\u00a0<span style=\"color: #3366ff;\"><strong>[NEW INSTRUCTION INTRODUCED]<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong>VIII.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong>These guidelines will be application on all application \/ claims pending as on the date of issue of the Circular.\u00a0<span style=\"color: #3366ff;\"><strong>[Same provision in\u00a0 earlier instructions 13\/2006 dated 22-12-2006 ]<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong>IX. <\/strong>Board is authorised to examine any grievance arising out of an order passed or not passed by the authority concerned and can issue directions. BUT NO REVIEW OR APPELAL WILL BE ENTERTAINED BY THE BOARD.\u00a0<span style=\"color: #3366ff;\"><strong>[NEW INSTRUCTION INTRODUCED]<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Income_Tax_Deductions_applicable_for_the_Financial_Year_2024-25\"><\/span><span style=\"color: #000080;\"><strong><a style=\"color: #000080;\" href=\"https:\/\/carajput.com\/publications\/income-tax-deductions-applicable-for-the-financial-year-2024-25.pdf\">Income Tax Deductions applicable for the Financial Year 2024-25<\/a><\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"All_the_Important_Income_Tax_Applicable_Due_Dates_Limits\"><\/span><a href=\"https:\/\/carajput.com\/publications\/latest-direct-tax-income-tax-slab-and-income-tax-rates-in-india.pdf\"><span style=\"color: #000080;\"><strong>All the Important Income Tax Applicable Due Dates &amp; Limits<\/strong><\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6398\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0001..jpg\" alt=\"All the Important Due Dates and Limits applicable\" width=\"2481\" height=\"1712\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6400\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/10\/Compiled-All-the-Important-Due-Dates-and-Limits-applicable_page-0002..jpg\" alt=\"All the Important Due Dates and Limits applicable\" width=\"2481\" height=\"1711\" \/><\/p>\n<p style=\"text-align: justify;\">The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances; Hope the information will assist you in your Professional\u00a0endeavors. For query or help, contact: <a href=\"mailto:singh@carajput.com\">singh@carajput.com<\/a>\u00a0or call at 9555555480<\/p>\n","protected":false},"excerpt":{"rendered":"<p>APPLICATIONS FOR CONDONATION OF DELAY IN FILING RETURNS CLAIMING REFUND AND RETURNS CARRY FORWARD OF LOSS AND SET-OFF Comparison of New guidelines\u00a0\u00a0with Existing\/earlier \u00a0GuidelinesNew:\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0Circular 09\/2015 dated 9-6-2015VSEarlier: \u00a0\u00a0\u00a0Instructions 13\/2006 dated 22-12-2006 I.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Powers to entertain application Designation Amount of claim Condition Remark Earlier CBDTinstructions 13\/2006 dated 22-12-2006 Principal Comm. \/ Commissioner =&lt;10 lacs Any &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[150,9,15],"tags":[3013,3014,3012,3015],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/211"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=211"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/211\/revisions"}],"predecessor-version":[{"id":19683,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/211\/revisions\/19683"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}