<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>High Court Condemns Tax Dept for Withholding Refunds u/s 241A Based on Previous Year&#039;s Positive Income.</title>
    <link>https://www.taxtmi.com/highlights?id=52075</link>
    <description>Withholding of the refund in terms of Section 241A - Merely because in the immediately preceding assessment year 2016-17, the assessee had declared a positive income as against substantial loss declared in the present assessment year, that by itself, cannot be a ground to doubt the contents of the return or the claim of the assessee with respect to the loss suffered - We must deprecate the practice of the department in sending such auto-generated response to the assessees for withholding the refunds.- HC</description>
    <language>en-us</language>
    <pubDate>Sat, 29 Feb 2020 11:51:27 +0530</pubDate>
    <lastBuildDate>Sat, 29 Feb 2020 11:51:27 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=605481" rel="self" type="application/rss+xml"/>
    <item>
      <title>High Court Condemns Tax Dept for Withholding Refunds u/s 241A Based on Previous Year&#039;s Positive Income.</title>
      <link>https://www.taxtmi.com/highlights?id=52075</link>
      <description>Withholding of the refund in terms of Section 241A - Merely because in the immediately preceding assessment year 2016-17, the assessee had declared a positive income as against substantial loss declared in the present assessment year, that by itself, cannot be a ground to doubt the contents of the return or the claim of the assessee with respect to the loss suffered - We must deprecate the practice of the department in sending such auto-generated response to the assessees for withholding the refunds.- HC</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Sat, 29 Feb 2020 11:51:27 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=52075</guid>
    </item>
  </channel>
</rss>