HC directs AO to grant refund with interest as he failed intimate assessee before adjusting it with pending demand

INCOME TAX : Where petitioner was entitled to refund from revenue and revenue sought to adjust this refund amount against demand that it had against petitioner, however, no intimation under section 245 was given before making adjustment, impugned adjustment of refund was unjustified, hence, petitioner would be entitled to refund of entire amount together with accumulated interest,INCOME TAX : Where petitioner was entitled to refund from revenue and revenue sought to adjust this refund amount against demand that it had against petitioner, however, no intimation under section 245 was given before making adjustment, impugned adjustment of refund was unjustified, hence, petitioner would be entitled to refund of entire amount together with accumulated interest,www.taxmann.com Latest Case LawsRead More

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