SET OFF OF REFUNDS AGAINST TAX REMAINING PAYABLE - STRICT COMPLIANCE OF SECTION 245 BEFORE MAKING ANY ADJUSTMENT OF REFUND

SET OFF OF REFUNDS AGAINST TAX REMAINING PAYABLE - STRICT COMPLIANCE OF SECTION 245 BEFORE MAKING ANY ADJUSTMENT OF REFUND https://www.taxtmi.com/circulars?id=52428 Strict compliance with section 245 is mandated before adjusting any refund: CPC Bengaluru must issue prior intimation, the assessee must be given an opportunity to respond, the Assessing Officer must examine and communicate findings to CPC, and CPC will process refunds and adjust demands only after receiving the Assessing Officer's communication; officers must ensure adherence to this procedure. en-us Mon, 09 Sep 2013 00:00:00 +0530 Wed, 20 Nov 2013 15:51:00 +0530 TaxTMI RSS Generator SET OFF OF REFUNDS AGAINST TAX REMAINING PAYABLE - STRICT COMPLIANCE OF SECTION 245 BEFORE MAKING ANY ADJUSTMENT OF REFUND https://www.taxtmi.com/circulars?id=52428 Strict compliance with section 245 is mandated before adjusting any refund: CPC Bengaluru must issue prior intimation, the assessee must be given an opportunity to respond, the Assessing Officer must examine and communicate findings to CPC, and CPC will process refunds and adjust demands only after receiving the Assessing Officer's communication; officers must ensure adherence to this procedure. Circulars Income Tax Mon, 09 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52428