refund of amount deposited through DRC-03

[SUSHIL BANSAL]

Sir,

Our client deposited penalty u/s 74(8) through DRC-03 on dated 3.10.2023 (before assessment order) for F.Y 2018-19.However no penalty imposed in assessment order as we convinced the officer on the querry raised. So far DRC-04 has not been issued.Now we want to take refund of this amount. Experts plz guide

 

AI Summary

Client Seeks Refund of Penalty Deposited Under Section 74(8) After No Penalty Imposed in Assessment Order A client deposited a penalty under section 74(8) via DRC-03 for the fiscal year 2018-19 before an assessment order was issued. However, no penalty was imposed in the assessment order after discussions with the officer. The client now seeks a refund of the deposited amount, as DRC-04 has not been issued. An expert advised applying for a refund since no penalty was levied. The original poster expressed gratitude for the prompt guidance.