https://www.taxtmi.com/caselaws?id=396999 The court found that the Income-Tax Officer's reasoning for withholding the refund under Section 241A of the Income Tax Act was flawed and contrary to the law. The court set aside the order and directed the Revenue to reconsider the withholding within three weeks. If no decision is made, the refund must be transmitted to the petitioner along with interest. The judgment emphasized the importance of valid reasons and approval before withholding refunds, ensuring fairness and compliance with the law. en-us Mon, 27 Jul 2020 00:00:00 +0530 Wed, 29 Jul 2020 15:05:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396999 The court found that the Income-Tax Officer's reasoning for withholding the refund under Section 241A of the Income Tax Act was flawed and contrary to the law. The court set aside the order and directed the Revenue to reconsider the withholding within three weeks. If no decision is made, the refund must be transmitted to the petitioner along with interest. The judgment emphasized the importance of valid reasons and approval before withholding refunds, ensuring fairness and compliance with the law. Case-Laws Income Tax Mon, 27 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396999