New Timeline for Verifying Tax Arrears: CPC to Issue Refunds if No AO Response in 30 Days u/s 245.

U/s 245 of Income Tax Act 1961 revised timeline for verification of arrear of demand - In case no response is received from the AO within thirty days. CPC would issue the refund without any adjustment. The responsibility of, non-adjustment of refund against outstanding arrears, if any, would lie with the Assessing Officer. .....

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