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 u/s 245(2) of the Income-tax Act, 1961

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..... tral Board of Direct Taxes OT & WT Section New Delhi, dated 10th November, 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 u/s 245(2) of the Income-tax Act, 1961- reg. The monetary limit for applying provisions of section 245(2) of the Income-tax Act, 1961('the .....

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..... e JAO will communicate the final decision regarding withholding/release of refund to the CPC. 3. To finish the above process, the time limit is hereby revised to 20 days for the Faceless Assessment Unit and to 30 days for Jurisdictional Assessing Officer. 4. The detailed workflow chart as delineated above will be issued by DGIT(Systems). (Sunil Kumar Pandey) Deputy Secretary to the Government .....

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