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<h1>Tax Refund Suspension: Assessing Officers Empowered to Withhold Potential Revenue-Impacting Refunds Under Section 33A of Gift-tax Act</h1> The amendment modifies section 33A of the Gift-tax Act, 1958, granting Assessing Officers the authority to withhold tax refunds under specific circumstances. If a refund becomes due and the officer believes potential tax proceedings or appeals might adversely affect revenue, they can suspend the refund with prior approval from the Chief Commissioner or Commissioner until a determined time.