https://www.taxtmi.com/caselaws?id=442099 The High Court found the revenue's adjustment of the refund against outstanding demands for multiple Assessment Years to be hasty and contrary to the law. The Court directed the revenue to release the excess amount beyond 20% of the disputed demand, along with applicable interest, to the petitioner within four weeks. The judgment stressed the importance of adhering to procedural requirements and guidelines, such as the Office Memorandum, in refund adjustments, and highlighted the necessity of proper orders under the Income Tax Act. The decision aimed to rectify the revenue's hasty actions and ensure compliance with legal provisions. en-us Mon, 07 Aug 2023 00:00:00 +0530 Wed, 23 Aug 2023 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442099 The High Court found the revenue's adjustment of the refund against outstanding demands for multiple Assessment Years to be hasty and contrary to the law. The Court directed the revenue to release the excess amount beyond 20% of the disputed demand, along with applicable interest, to the petitioner within four weeks. The judgment stressed the importance of adhering to procedural requirements and guidelines, such as the Office Memorandum, in refund adjustments, and highlighted the necessity of proper orders under the Income Tax Act. The decision aimed to rectify the revenue's hasty actions and ensure compliance with legal provisions. Case-Laws Income Tax Mon, 07 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442099