U/s 245 of Income Tax Act 1961 revised timeline for verification of arrear of demand

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..... ocessed during FY 2015-16 was specified by the Board. It was prescribed in the O.M. under reference that- (a) In cases where that taxpayer has contested the demand, CPC would issue a reminder to the Assessing Officer about the contention of the taxpayer, asking him to either confirm, or make appropriate changes to the demand within thirty days. In case no response is received from the AO wit .....

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..... Assessing Officer to confirm/correct the demand, it is taking too long for the demand to be verified and the refunds to be issued, leading to rise of grievances. 3. With a view to clear the pendency of refunds which are subject to verification under section 245 , it has been decided that the timeline of 30 days for the assessee and the Assessing Officer specified in the O.M. dated 29-1-2016 .....

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