CBDT revises Monetary Limits of Condonation of Delay in Refund & Loss Carry Forward Claims [Read Circular]

CBDT revises Monetary Limits - Condonation of Delay in Refund - Loss Carry Forward Claims -Condonation of Delay in Loss Carry Forward Claims - CBDT - taxscan

The Central Board of Direct Taxes (CBDT) has published the circular revising the monetary limits of condonation of delay in refund claims and loss carry forward claims under Section 119(2)(b) of the Income Tax Act, 1961. Additionally, it will take effect on June 1st, 2023. The other guidelines outlined in the Principal Circular No. 09…

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