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Income Tax - Highlights / Catch Notes

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Refund withheld u/s 241A - No reasons were assigned by the ...

Income Tax

October 23, 2021

Refund withheld u/s 241A - No reasons were assigned by the Officer concerned by referring to any materials that refund declared in case of the petitioner/assessee on being actually made will adversely affect the revenue. No demand as against the petitioner was pending on the date when refund was notified. The petitioner/assess became entitled to the refund immediately on completion of assessment and refund on being notified. - HC

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