https://www.taxtmi.com/caselaws?id=765438 The Court quashed the adjustment of a refund amount against an outstanding tax demand by the Respondents under Section 245 of the Income Tax Act, 1961, due to non-compliance with natural justice principles. The Respondents failed to provide the Petitioner an opportunity to be heard, violating procedural fairness. The Court ordered the Respondents to deposit the adjusted amount with the Court and mandated that a reasoned order, considering the Petitioner's objections, be issued within two months. Additionally, the Petitioner's stay application for the assessment year 2018-2019 is to be resolved within four weeks. en-us Tue, 28 Jan 2025 00:00:00 +0530 Fri, 31 Jan 2025 07:54:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765438 The Court quashed the adjustment of a refund amount against an outstanding tax demand by the Respondents under Section 245 of the Income Tax Act, 1961, due to non-compliance with natural justice principles. The Respondents failed to provide the Petitioner an opportunity to be heard, violating procedural fairness. The Court ordered the Respondents to deposit the adjusted amount with the Court and mandated that a reasoned order, considering the Petitioner's objections, be issued within two months. Additionally, the Petitioner's stay application for the assessment year 2018-2019 is to be resolved within four weeks. Case-Laws Income Tax Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765438