CBDT Extends Time Limit for Processing Non-Scrutiny Income Tax Returns Up to AY 2020-21 until April 30, 2024
The CBDT has issued an order dated January 31, 2024, regarding the processing of income tax returns filed electronically with refund claims under section 143(1) of the Income-tax Act, 1961. The order extends the time limit for processing such returns of income validly filed electronically up to Assessment Year 2020-21, which had become time-barred. Originally set for January 31, 2024, the extended deadline for processing these returns is now April 30, 2024. This decision aims to address pending taxpayer grievances related to the issue of refunds. The other contents of the previous orders under section 119 of the Act will remain unchanged.
For more details, you can refer to the order notification.