Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Power to withhold tax refunds when proceedings threaten revenue, subject to senior approval and duration limits. Section 241 previously empowered the assessing authority to withhold a tax refund where, in the officer's opinion, the refund's grant was likely to ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Power to withhold tax refunds when proceedings threaten revenue, subject to senior approval and duration limits.
Section 241 previously empowered the assessing authority to withhold a tax refund where, in the officer's opinion, the refund's grant was likely to adversely affect revenue because an order was under appeal, further proceedings or other proceedings were pending, or an assessment notice was likely; exercise of the power required prior approval of the Commissioner or Chief Commissioner and could be withheld for the period determined by that approving authority. The provision has since been omitted from the statute.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
