Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure 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-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Withholding of refunds permitted where refund may harm revenue, subject to recorded reasons and senior approval. For assessment years from 1 April 2017, a tax officer may withhold a refund where an assessment notice under section 143(2) has been issued and the officer believes payment would adversely affect revenue; withholding requires reasons recorded in writing and prior approval of the Principal Commissioner or Commissioner, and may continue only until the date the assessment is made. The provision does not apply from 1 April 2023.
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.
Provisions expressly mentioned in the judgment/order text.
Withholding of refunds permitted where refund may harm revenue, subject to recorded reasons and senior approval.
For assessment years from 1 April 2017, a tax officer may withhold a refund where an assessment notice under section 143(2) has been issued and the officer believes payment would adversely affect revenue; withholding requires reasons recorded in writing and prior approval of the Principal Commissioner or Commissioner, and may continue only until the date the assessment is made. The provision does not apply from 1 April 2023.
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