Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental ...
Market value for captive electricity consumption follows industrial consumer tariffs, supporting profit computation for the power generation deduction...
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A High Court considered adjustment of refunds against disputed tax demand during pending appeals. It declined to interfere with an earlier refund adjustment because the challenge was brought after more than three years without explanation, treating delay as fatal to that claim. It held that Section 245 requires prior intimation before any refund adjustment so the assessee has a real opportunity to object; adjusting the refund the next day, despite a 21-day response window, violated the statute and natural justice. It also held that filing an appeal does not create an automatic stay, but recovery through refund adjustment should normally respect administrative guidance limiting recovery beyond 20% without special justification. The Court ordered refund of the excess over 20% without interest, subject to the pending appeal.
A High Court considered adjustment of refunds against disputed tax demand during pending appeals. It declined to interfere with an earlier refund adjustment because the challenge was brought after more than three years without explanation, treating delay as fatal to that claim. It held that Section 245 requires prior intimation before any refund adjustment so the assessee has a real opportunity to object; adjusting the refund the next day, despite a 21-day response window, violated the statute and natural justice. It also held that filing an appeal does not create an automatic stay, but recovery through refund adjustment should normally respect administrative guidance limiting recovery beyond 20% without special justification. The Court ordered refund of the excess over 20% without interest, subject to the pending appeal.
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