https://www.taxtmi.com/circulars?id=68162 Withholding of income tax refunds under section 245(2) applies where the refund meets a revised monetary threshold and requires a structured workflow: FAO notifies the JAO of likely demand; the JAO records non cursory written reasons analyzing the factual matrix (including financial condition, past demands and appeals), seeks approval from the Principal Commissioner, and communicates the final withholding or release decision to CPC within prescribed timelines. en-us Fri, 10 Nov 2023 00:00:00 +0530 Wed, 26 Feb 2025 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68162 Withholding of income tax refunds under section 245(2) applies where the refund meets a revised monetary threshold and requires a structured workflow: FAO notifies the JAO of likely demand; the JAO records non cursory written reasons analyzing the factual matrix (including financial condition, past demands and appeals), seeks approval from the Principal Commissioner, and communicates the final withholding or release decision to CPC within prescribed timelines. Circulars Income Tax Fri, 10 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68162