F. No. 312163/2023-0T
Government of India
Min istry of Finance
Department of Revenue
Central Board of Direct Taxes
Dated I S< October 2024
Sub: Order authorizing Income-tax authorities to admit an application or claim for
refund and carry fonvard of loss and set off thereof under section 119(2)(b) of the
Income-tax Act, 1961 regIn
supersession of all earlier In structions/Circulars/Guidel ines issued by the Central
Board of Direct Taxes (the Board) from time to time to deal with the applications for
condonation of delay in filing returns claiming refund and returns claiming carry forward of
loss and set off thereof under section 119(2)(b) of the Income-tax Act, 1961 (the Act). the
present Circular is being issued to deal with the app lications for condonation of delay in
filing returns claiming refund and returns claiming carry forward of loss and set off thereof
containing comprehensive guidelines on the conditions for condonation and the procedures to
be followed for deciding such matters.
2. (i) The Principal Commissioners of Income-tax/Commissioners of Income-tax (Pr.
CsIT/CsIT) shall be vested with the powers of acceptance/rejection of such
applications/claims if the amount of such claims is not more than Rs.1 crore for any
one assessment year.
(i i) The Chief Commissioners of Income-tax (CCsIT) sha ll be vested with the powers of
acceptance/rejection of such app lications/claims if the amount of such claims exceeds
Rs.1 crore but is not more than Rs.3 crores for anyone assessment year.
(iii) The Principal Chief Commissioners of Income-tax (Pr. CCsIT) shall be vested with
the powers of acceptance/rejection of such applications/claims if the amount of such
claims exceeds Rs.3 crores for anyone assessment year.