Return filed in response to notice under section 142(1)/148

[Praveen P]

If return is filed in response to notice under section 142(1)/148 ,whether assessee can claim refund.Whether income tax department has any right to deny the refund only because return is filed under section 142(1)/148

AI Summary

Tax Refund Possible When Filing Under Sections 142(1) or 148, Subject to Assessing Officer Approval. An individual inquired about the possibility of claiming a tax refund when a return is filed in response to a notice under sections 142(1) or 148. One respondent confirmed that a refund could be claimed, contingent on the Assessing Officer's satisfaction. The individual raised a concern about the tax department's stance, which often denies refunds in such cases, citing several judgments supporting their position. The respondent suggested that a thorough analysis of the specific case's facts and circumstances is necessary to determine the possibility of a favorable judgment for the taxpayer.