Provisional assessment for refund allows summary refund pending regular assessment, subject to adjustment and no right of appeal. Section 141A permits the Income-tax Officer to make a summary provisional assessment for refund where a return claims tax paid under Chapters XVII-B or XVII-C exceeds tax payable, if regular assessment is likely to be delayed; such provisional assessments must give effect to depreciation allowances and loss carryforwards, treat firms as unregistered except in specified registration scenarios, require post-regular-assessment adjustment or recovery of excess provisional refunds, do not prejudice merits of issues in regular assessment, and are not appealable.
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.
Provisional assessment for refund allows summary refund pending regular assessment, subject to adjustment and no right of appeal.
Section 141A permits the Income-tax Officer to make a summary provisional assessment for refund where a return claims tax paid under Chapters XVII-B or XVII-C exceeds tax payable, if regular assessment is likely to be delayed; such provisional assessments must give effect to depreciation allowances and loss carryforwards, treat firms as unregistered except in specified registration scenarios, require post-regular-assessment adjustment or recovery of excess provisional refunds, do not prejudice merits of issues in regular assessment, and are not appealable.
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