Difficulties in processing ITR -5 return in cities where refund banker scheme is operational – manual for now
It has come to the notice of the CBDT that in the cities where the refund banker scheme is currently operational, the assessing officers are facing difficulty in processing ITR - 5 returns (combined Form for return of income and fringe benefits for firms/association of persons/body of individuals), which contain an FBT component, due to some technical problems.
As the number of such cases is not very large, Board has decided that for the assessment year 2007-08, such cases may be processed manually.
CBDT Instruction No. 14/2008, Dated: October 1, 2008