10 February 2010
One of my client has not yet filed the Income Tax return for Ay 07-08 which has now become Time Barred.However he has paid an Advance Tax of Rs 20000/- for the same Assessment year which is due for refund as he has no taxable income for that year.What is the procedure for claiming the refund? Whether CBDT or Commissioner has any power to condone the delay in filing of return?
12 February 2010
CBDT has the power to condone the delay in filing the return, file an application with cbdt for the same. This has been decided by the Hon'ble High Court of Karnataka in the case of "ASSOCIATED ELECTRO CERAMICS"