CBDT Provides One-Time Relaxation on ITRs Pending for Verification and Processing

Central Board of Direct Taxes (CBDT) has provided one-time relaxation for verification of all income tax-returns (ITRs) e-filed for the Assessment Year 2020-21 (AY21) which are pending for verification and processing of such returns.

Accordingly, the taxpayer is required to verify lTR, filed electronically without a digital signature, through either by sending a duly signed physical copy of ITR-V to CPC, Bengaluru through speed post or through EVC/OTP within 120 days from date of uploading the ITR.

CBDT has further decided to provide one-time relaxation in respect of all lTRs for AY21 which were uploaded electronically by the taxpayers within the time allowed and which have remained incomplete due to non-submission of ITR-V Formal pending e-Verification. In this regard, CBDT permits verification of such returns through prescribed mode till 28th February, 2022.

However, this relaxation shall not apply in those cases, where during the intervening period, Income-tax Department has already taken recourse to any other measure as specified in the Act for ensuring filing of tax return by the taxpayer concerned after declaring the return as non-est.

Further, CBDT has also relaxed the time-frame for issuing the intimation under section 143(1) of the Act and directs that such returns shall be processed by 30th June, 2022. Whereas, in case of refund, while determining the interest, provision of section 244A (2) of the Act would apply. This relaxation would be applicable to all such returns which are verified during the extended period, as clarified by CBDT.

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Knowledge Source :

4.86 Crore ITRs Filed till 28th December

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