801/CBDT. - Income Tax - 801/CBDT

INSTRUCTION NO. 801/CBDT Dated : November 25, 1974 Section(s) Referred: 280ZD Statute: Income - Tax Act, 1961 In a case noted by the Revenue Audit, refund arising in respect of the amount shown on the tax credit certificate issued under section 280-ZD of the IT Act, 1961 was granted by the ITO after more than a year with the result that interest for the period of delay in granting refund had to be paid by the Government. One of the reasons which led to delay in granting the refund was that the application made by the taxpayer claiming refund of the amount shown on the tax credit certificate was not entered in any register with the result that the ITO and the supervisory staff could not keep a watch over the disposal of the application. 2. The Board desire that ITOs should be careful in expeditiously disposing of applications for grant of refund of amounts shown on the tax credit certificates. For this purpose, particulars of the application for grant of refund under the various Tax Credit Certificate Schemes should be entered in the Register of Refund Applications prescribed vide para 14, Chapter XVII of the Office Manual, Vol.II, Section II. The ITOs and Supervisors/Head Clerks should periodically review these entries to ensure that granting of refund in respect of tax credit certificates is not delayed. 3. These instructions may please be brought to the notice of all the officers in each charge for strict compliance.