https://www.taxtmi.com/caselaws?id=394994 SC held that for assessment years ending 31st March 2017 or before, issuance of notice under Section 143(2) overrides requirement to process refund under Section 143(1), without need for separate intimation to assessee. For assessment years from 1st April 2017 onwards, Section 241-A applies requiring Assessing Officer's recorded satisfaction and Principal Commissioner's approval to withhold refunds. Court directed refund of Rs. 733 crores for AY 2014-15 within four weeks and expeditious conclusion of pending proceedings for AY 2016-17 and 2017-18. en-us Wed, 29 Apr 2020 00:00:00 +0530 Wed, 14 May 2025 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394994 SC held that for assessment years ending 31st March 2017 or before, issuance of notice under Section 143(2) overrides requirement to process refund under Section 143(1), without need for separate intimation to assessee. For assessment years from 1st April 2017 onwards, Section 241-A applies requiring Assessing Officer's recorded satisfaction and Principal Commissioner's approval to withhold refunds. Court directed refund of Rs. 733 crores for AY 2014-15 within four weeks and expeditious conclusion of pending proceedings for AY 2016-17 and 2017-18. Case-Laws Income Tax Wed, 29 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394994