Tax Refund Adjustment Needs Prior Notice Under IT Act Sec 245; Without It, Adjustment Is Illegal.

Tax Refund Adjustment Needs Prior Notice Under IT Act Sec 245; Without It, Adjustment Is Illegal. https://www.taxtmi.com/highlights?id=73383 Adjustment of refund against demand - requirement of prior intimation under section 245 of the Act was a mandatory requirement and failure to comply with this mandatory requirement of prior intimation would make the entire adjustment as wholly illegal and, therefore, the respondents could not have made the adjustment as they wanted to. - HC en-us Mon, 04 Dec 2023 08:44:06 +0530 Mon, 04 Dec 2023 22:04:28 +0530 TaxTMI RSS Generator Tax Refund Adjustment Needs Prior Notice Under IT Act Sec 245; Without It, Adjustment Is Illegal. https://www.taxtmi.com/highlights?id=73383 Adjustment of refund against demand - requirement of prior intimation under section 245 of the Act was a mandatory requirement and failure to comply with this mandatory requirement of prior intimation would make the entire adjustment as wholly illegal and, therefore, the respondents could not have made the adjustment as they wanted to. - HC Highlights Income Tax Mon, 04 Dec 2023 08:44:06 +0530 https://www.taxtmi.com/highlights?id=73383