https://www.taxtmi.com/caselaws?id=405686 The court deemed the adjustment of refunds without prior intimation under Section 245 of the Income Tax Act as illegal, referencing relevant case law. It found the adjustment of refunds exceeding the amount required for granting stay to be excessive and contrary to CBDT instructions. Recovery actions on demands stayed by Revenue Authorities were also considered illegal. The court directed the Income Tax Department to refund the excess amounts adjusted, with interest, and emphasized compliance with statutory provisions and CBDT instructions. en-us Fri, 22 Jan 2021 00:00:00 +0530 Wed, 24 Mar 2021 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405686 The court deemed the adjustment of refunds without prior intimation under Section 245 of the Income Tax Act as illegal, referencing relevant case law. It found the adjustment of refunds exceeding the amount required for granting stay to be excessive and contrary to CBDT instructions. Recovery actions on demands stayed by Revenue Authorities were also considered illegal. The court directed the Income Tax Department to refund the excess amounts adjusted, with interest, and emphasized compliance with statutory provisions and CBDT instructions. Case-Laws Income Tax Fri, 22 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405686