https://www.taxtmi.com/caselaws?id=460465 The HC ruled that adjustments of refund amounts by the respondents under Section 245 of the Income Tax Act, 1961, were invalid due to the lack of prior intimation to the petitioners. The Court emphasized the statutory requirement for notifying taxpayers before making such adjustments. Respondents admitted to not providing intimation in one case and failed to prove service in others. Consequently, the impugned orders were set aside, and respondents were directed to deposit refundable amounts in a nationalized bank, with further proceedings to comply with legal and judicial standards. en-us Sat, 20 Jan 2024 00:00:00 +0530 Mon, 27 Jan 2025 13:30:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460465 The HC ruled that adjustments of refund amounts by the respondents under Section 245 of the Income Tax Act, 1961, were invalid due to the lack of prior intimation to the petitioners. The Court emphasized the statutory requirement for notifying taxpayers before making such adjustments. Respondents admitted to not providing intimation in one case and failed to prove service in others. Consequently, the impugned orders were set aside, and respondents were directed to deposit refundable amounts in a nationalized bank, with further proceedings to comply with legal and judicial standards. Case-Laws Income Tax Sat, 20 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460465