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<h1>Set off and withholding of refunds: tax authorities may offset or withhold refunds pending assessment with required approvals.</h1> Tax authorities may set off refunds against sums remaining payable under the Act after giving written intimation to the taxpayer. Where refunds would fall due while assessment or reassessment proceedings are pending, the Assessing Officer may, for reasons recorded in writing and with prior approval of the Commissioner or Principal Commissioner, withhold the refund for a limited period from the date of such assessment or reassessment.
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