Extension of time for completing assessments in Operation Clean Money cases where ITR not filed u/s 142(1)

Further Extension of timeline for completing assessments in Operation Clean Money cases where no return filed in response to notice u/s.142(1) and assessment has to be completed u/s 144

CBDT earlier extended the time-line for completion of assessments u/s 144 of the Act in OCM cases where no return of income was filed in response to the notice u/s 142(1) of the Act, was extended from 30th June 2019 to 30th September 2019.

CBDT has further extended and assessment in the above said cases of OCM. Now such cases are to be completed by 31.12.2019.

Download Instruction Click Here >>

F.No.225/363/2017-ITA-II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Tax
**********************

New Delhi, 26th July, 2019

To
All Principal Chief-Commissioners of Income-tax All Principal Director Generals of Income-tax

Sir/Madam,

Subject: – Extension of timeline for completion of assessments in OCM cases where no return has been filed in response to notice u/s.142(1) of the Income-tax Act,1961(Act’) and the assessments have to be completed u/s. 144 of the Act- reg

Ref:-  Boards  letter vide F.No. 225/363/2017-ITA-II dated 05.03.2019

2. Representations have been received from field formation stating that the time line given by the Board for completion of assessments in OCM cases where no return of income filed in response to the notice u/s 142(1) of the Act and the assessments have to be completed u/s.144 of the Act is not sufficient .

3. Upon the consideration of various difficulties related to completion of assessments in such OCM cases, as reported by the field formation, the time line for completion of assessment in such OCM cases as specified earlier by the Board is hereby extended and assessments in such cases shall be completed by  30.09.2019.

4. This issues with the approval of Competent Authority.

Yours faithfully,

Sd/

(Rajarajeswari R)
Under Secretary {ITA.II}, CBDT.

Copy to:-

1. CIT(Data base Cell ) for uploading in irsofficersonline.

• CBDT Instruction can not absolve persons to explain source of gold within limits specified – SC
• Empanelment of General Observers for ICSI Examinations December 2026. Last date 16.11.2026
• ITAT address some important issues relating to deduction u/s 80IA
• Mere carry forward of loss can not be denied for belated return – ITAT
• Sales duly recorded in books & VAT returns, can’t be held bogus without cogent adverse material

addition u/s 68 addition u/s 69A ca misconduct cash deposit in bank cbdt circular CBDT Instruction cbdt notification cbdt order cbdt press release cgst circular cgst notification cit revision 263 concealment penalty condonation of delay covid-19 custom circular demonetisation due date extension e-way bill faq GST circular GST Council Meeting gst faq gstn advisory GSTR-3B GST rates IBBI ibc icai announcement income tax penalty itat ITAT Delhi mca circular MCA notification penalty 271(1)(c) penalty u/s 271(1)(c) Press Release reasons recorded reopening 148 Reopening us 147 Search & Seizure sebi circular unexplained cash credits validity of notice u/s 148 Withdrawal of 2000 500 Bank Notes