Instruction regarding revision of timelines and monetary limits as well as revision of workflow in the matter of recording of reasons before withholding of refunds under section 245(2) of the Income-tax Act, 1961 - Income Tax - INSTRUCTION NO. 02 of 2023

INSTRUCTION NO. 02 of 2023 DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi- - 110055 F.No.: DGIT(Systems)/Instruction/245(2)/2023-24/9900 Dated: 28.11.2023 Subject: Instruction regarding revision of timelines and monetary limits as well as revision of workflow in the matter of recording of reasons before withholding of refunds under section 245(2) of the Income-tax Act, 1961- Reg. Vide CBDT Instruction No.02/2023 issued vide F. No. 312/82/2022-OT dated 10.11.2023, instructions regarding revision of timelines and monetary limits in the matter of recording of reasons before withholding of refunds under section 245(2) of the Income-tax Act, 1961 has been specified. 2. The detailed workflow chart / step by step procedure to be followed by the Assessing Officer is provided as per Annexure to this Instruction for compliance. 3. This issues with the approval of Competent Authority. Additional Director General of Income Tax (Systems)-5, New Delhi