Procedure for issue of large refunds.

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..... politan cities of Bombay, Calcutta, Madras, Delhi and Ahmedabad and over Rs. 1 lakh in all other places. This was to ensure that proper safeguards and controls are exercised over the issue of large refunds. 2. These instructions have been reviewed by the Board taking into account certain difficulties brought to its notice by some Chief Commissioners and Commissioners. It has now been decided tha .....

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..... ents have been made. 3. Where the amount of refund payable, after all the steps mentioned above are taken, exceeds Rs. 1 lakh in company cases and Rs. 25,000 in other cases, The Assessing Officer (not being a Deputy Commissioner) shall refer the case to the Deputy Commissioner concerned after recording his satisfaction for issue of refund. As regards such refunds arising under section 143(1)(a), .....

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..... gwith the case records to the Commissioner for his approval. The Commissioner will examine the records and after satisfying himself that the refund can be issued, return the file with his approval expeditiously. 5. These instructions, which supersede Instruction No. 1873 dated 4-1-1991, may be brought to the notice of all the officers working in your region. - Circular - Trade Notice - Public .....

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