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One Time Relaxation for Verification of Tax Return which are pending due to Non-Filing of ITR- V Form and Processing of Such Returns

Income tax return filing is considered complete only when it is also verified, it has been seen in many returns filed with the department that Assessee filed the return but it was not get verified due to this, the return gets invalid after 120 days. For this problem, the IT department allows one-time relaxation to those assessees whose ITR not get verified yet.

    • Large number of electronically filed ITR still remains pending with the Income-Tax Department for want of receipt of a valid ITR-V Form at CPC, Bengaluru from the taxpayers concerned. In law, consequences of non-filing the ITR-V within the time allowed is significant as such a return is/can be declared Non-est. in law, thereafter, all the consequences for non-filing a tax return, as specified in the Income-tax Act,1961 follow.


    • CBDT allow One-time relaxation for Verification of tax-returns for the Assessment year’s 201S-16, 2016-17, 2017-18, 2018-19 and 2019-20 which are pending due to non-filing of ITRV form and processing of such returns.


    • Returns which were uploaded electronically by the taxpayer within the time allowed under section 139 of the Act and which have remained incomplete due to non-submission of ITR-V Form for verification, hereby permits verification of such returns either by sending a duly signed physical copy of ITR-V to CPC, Bengaluru through speed post or through EVC/OTP prescribed mode. Such verification process must be completed by 30.09.2020.


    • However, this relaxation shall not apply in those cases, where during the intervening period; Income-tax Department has already taken recourse to any other measure as specified in the Act for ensuring filing of tax return by the taxpayer concerned after declaring the return as Non-est.


  • Further, CBDT, also relaxes the time-frame for issuing t he intimation as provided in second proviso to sub-section (1) of Section 143 of the Act and directs that such returns shall be processed by 31.12.2020 and intimation of processing of such returns shall be sent to the taxpayer concerned as per the laid down procedure. In refund cases, while determining the interest, provision of section 244A (2) of the Act would apply.
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