Issue of refunds up to ₹ 5,000/- and refunds in cases where outstanding arrear is up to ₹ 5,000/- in Non-CASS cases for AYs 2013-14 and 2014-15 - Income Tax - F. No. 312/109/2015-OT

F. No. 312/109/2015-OT GOVERNMENT OF INDIA MINISTRY OF FINANCE CENTRAL BOARD OF DIRECT TAXES OFFICE MEMORANDUM New Delhi, 14 January, 2016 Sub: Issue of refunds up to ₹ 5,000/- and refunds in cases where outstanding arrear is up to ₹ 5,000/- in Non-CASS cases for AYs 2013-14 and 2014-15. I am directed to convey the decision that in order to provide relief to the small taxpayers, refunds up to ₹ 5,000/- and refunds in cases where arrear demand is up to ₹ 5,000/- may be issued without any adjustment of outstanding arrears under section 245 of the Act during FY 2015-16. 2. As on 09.01.2016, there are 64,938 cases of refunds below ₹ 5,000/-involving ₹ 1,148.14 Crore in non-CASS cases for AYs 2013-14 and 2014-15 pending in AST. It is requested that the Assessing Officers be directed to issue these refunds without any adjustment of arrears under Section 245 . Similarly, the non-CASS cases for these assessment years where the refund amount is more than ₹ 5,000/- but the outstanding arrear is ₹ 5,000/- or less may also be processed for issue of refund without any adjustment under Section 245 . 3. The above exercise may be completed before 31 st January, 2016 and a compliance report be sent to the Member (Revenue). 4. This issues with the approval of Chairman, CBDT. (Salil Mishra) Director (OT WT)