https://www.taxtmi.com/caselaws?id=393824 The court in this case analyzed the legality of withholding refunds under Section 241A of the Income Tax Act, 1961. It found that the authorities did not provide sufficient reasons to justify withholding the refunds for the assessment years 2017-18 and 2018-19. The court emphasized that mere pendency of proceedings under Section 143(2) is not enough to withhold refunds and that specific reasons demonstrating adverse revenue impact are required. The court quashed the order, directing the respondents to issue the refunds with interest and raised concerns about potential misuse of refund withholding procedures. en-us Fri, 06 Mar 2020 00:00:00 +0530 Fri, 18 Sep 2020 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393824 The court in this case analyzed the legality of withholding refunds under Section 241A of the Income Tax Act, 1961. It found that the authorities did not provide sufficient reasons to justify withholding the refunds for the assessment years 2017-18 and 2018-19. The court emphasized that mere pendency of proceedings under Section 143(2) is not enough to withhold refunds and that specific reasons demonstrating adverse revenue impact are required. The court quashed the order, directing the respondents to issue the refunds with interest and raised concerns about potential misuse of refund withholding procedures. Case-Laws Income Tax Fri, 06 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393824