29 July 2014
one of my client has filed tds returns for the a.y 2012-2013 &2011-2012. but have not claimed tds in those years..is it possible to claim tds of those years
119(2) is not a refund section. it is a section that empowers designated Income-tax officials to condone/disregard a particular limitation or bar etc and has much wider scope for discretion.
Time bar is only for filing/revising the return. The time bar is not for refund. Rather, then alternative way is to say that you can simply file rectification under 154 for which you have four years from the year of assessment order.
30 July 2014
Where have I said it is a refund section?
In case return is time barred (for filing) you can file request for condonation of delay in filing of return. Once same is accepted return can be filed to claim refund.
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