Income Tax
The Board has relaxed the time limit for processing ITR filed under section 119(2)(b). Due to technical issues, many such returns could not be processed within the statutory time, causing refund delays. The Board has now allowed those returns filed on or before 31.03.2024 to be processed by 31.03.2026. However, this relaxation does not apply to cases where assessment or reassessment has already been completed for the relevant year.
[Circular No. 07/2025 dated 25.06.2025]
