Power to withhold tax refunds: AO may suspend refunds when proceedings threaten revenue, subject to commissioner approval. The Assessing Officer may, with prior approval of the Chief Commissioner or Commissioner, withhold a refund that becomes due after a return or assessment where, due to assessment proceedings, appeals or other pending proceedings or the likelihood of a notice, the AO believes granting the refund would likely adversely affect the revenue; the withholding may continue for the period determined by the Chief Commissioner or Commissioner.
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.
Power to withhold tax refunds: AO may suspend refunds when proceedings threaten revenue, subject to commissioner approval.
The Assessing Officer may, with prior approval of the Chief Commissioner or Commissioner, withhold a refund that becomes due after a return or assessment where, due to assessment proceedings, appeals or other pending proceedings or the likelihood of a notice, the AO believes granting the refund would likely adversely affect the revenue; the withholding may continue for the period determined by the Chief Commissioner or Commissioner.
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