https://www.taxtmi.com/caselaws?id=798756 A reassessment return filed while an advance-ruling application on the transaction's taxability remained pending is to be treated as a return under Section 139 where the pending application provides a bona fide explanation for delayed filing. Verified TDS and prepaid-tax credits cannot be limited to adjustment against an outstanding demand; any excess after payment of the finally determined tax liability must be refunded with applicable statutory interest. Precedent concerning concluded substantive computation issues in reassessment does not restrict credit for prepaid taxes. en-us Mon, 24 Aug 2026 00:00:00 +0530 Fri, 11 Sep 2026 08:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798756 A reassessment return filed while an advance-ruling application on the transaction's taxability remained pending is to be treated as a return under Section 139 where the pending application provides a bona fide explanation for delayed filing. Verified TDS and prepaid-tax credits cannot be limited to adjustment against an outstanding demand; any excess after payment of the finally determined tax liability must be refunded with applicable statutory interest. Precedent concerning concluded substantive computation issues in reassessment does not restrict credit for prepaid taxes. Case-Laws Income Tax Mon, 24 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798756