I-T refunds should be made after assessment: Ombudsman

Image
Press Trust of India Kolkata
Last Updated : Jun 23 2014 | 6:24 PM IST
Income Tax (I-T) refunds should be paid immediately after assessment of the taxpayer is over and without delay, I-T Ombudsman for Kolkata K K Mahapatra today said.
"Refunds should be given soon once the assessment is over and should happen in normal course," Mahapatra said at an interaction at the Merchants' Chamber here.
Stating that the office of the ombudsman gets numerous grievances over delay in IT refunds, he said although it should happen fast, the Central Processing Centre in Bangalore was hamstrung by processing claims.
"Any assessing officer should make refunds as soon a fund is created for the purpose," he said.
Mahapatra said the IT Ombudsman's office functioned under a set of guidelines and not statutes.
"Since we operate under a set of guidelines, it gives us the flexibility in several matters", he said.
However, Mahapatra said his office had asked the Central Board of Direct Taxes (CBDT) and the finance ministry to reframe the guidelines to give empowerment.
The IT Ombudsman said 80 per cent of the refund awards given by the Ombudsman were complied with by the assessing officer and the balance 20 per cent was intractable.
He also said any assessing officer not complying the Ombudsman's order in making genuine refund claims might get into career problems which might vary from a reflection in annual confidence report (ACR) or place of posting.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 23 2014 | 6:24 PM IST

Next Story