Supplementary refund claims. - Income Tax - 1096/CBDT

INSTRUCTION NO. 1096/CBDT Dated : September 14, 1977 Section(s) Referred: 242 ,264 Statute: Income - Tax Act, 1961 Reference invited to Board's Instruction No.558** (F.No.225/34/71-ITA.II) dated 18th June, 1973 wherein it was clarified that supplementary refund claims cannot be entertained by the Income-tax Officers after completion of assessment which has become final and conclusive in view of the provisions of section. 242 of the Income-tax Act, 1961. 2. A question has been raised whether the Commissioner of Income-tax can entertain such supplementary refund claims under section 264 of the Income tax Act, 1961. 3. The Board, have been advised that the Commissioner cannot invoke the provisions of section 264 for entertaining supplementary refund claims.