first_imgThe directions pertain to notices issued by the taxman to a number of assessees under section 245 of the IT Act for 2015-16 fiscal where the latter have contested the demand raised and have emailed their response to the CPC.An official data had said an outstanding amount of Rs 16,590.22 crore is locked in disputes as 1,49,321 individuals or entities have raised objections to demands made by taxmen.”As many of these cases are time-barred by March 31, 2016, the jurisdictional assessing officers may be impressed upon to examine the response of the taxpayers urgently and take appropriate action in respect of such demand entries..,” the CBDT had said in a recent order.The Board, in this regard, had earlier asked its Bengaluru-based Central Processing Centre (CPC) to take a step-by-step action in these cases within one month.The Board had said that when a taxpayer contests a demand, the CPC should issue a reminder to the AO concerned about the contention of the assessee, asking them to either confirm or make appropriate changes to the demand within 30 days.”In case no response is received from the jurisdictional AO within the stipulated period of 30 days, CPC would issue refunds without any adjustment,” the CBDT order had said.The delay in processing and issuance of IT refunds had also attracted the attention of Prime Minister Narendra Modi last year and, after a review of the subject, he had directed the CBDT to resolve these issues promptly. PTI NES AAR SK AARlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *