While there is information on this old thread that suggests otherwise, I don't believe this is a bug that will be fixed (or that it is a bug). It's unfortunate that this issue has not been updated or closed.
A Urlfetch (regardless) of where you make it from within appengine world has a maximum deadline of 60 seconds.
Requests on front end instances within appengine also have a lifetime of a maximum of 60 seconds.
Requests within the context of the Taskqueue however, have a lifetime of up to 10 minutes. This however does not mean that you can make a Urlfetch made from within the taskqueue context exceed the 60 second deadline.