https://www.taxtmi.com/caselaws?id=461328 Refund adjustment under section 245 was treated as impermissible where the underlying tax demand had been stayed by the ITAT, because recovery protection attached to the stay order could not be bypassed through set-off of the refund. The adjustment was also held invalid because the assessee was not given prior intimation before the refund was appropriated. The refund was therefore restored with applicable interest, and the matter was decided in favour of the assessee. en-us Wed, 04 Dec 2024 00:00:00 +0530 Fri, 28 Mar 2025 19:00:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461328 Refund adjustment under section 245 was treated as impermissible where the underlying tax demand had been stayed by the ITAT, because recovery protection attached to the stay order could not be bypassed through set-off of the refund. The adjustment was also held invalid because the assessee was not given prior intimation before the refund was appropriated. The refund was therefore restored with applicable interest, and the matter was decided in favour of the assessee. Case-Laws Income Tax Wed, 04 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461328