Withholding of refund u/s 241A - It is settled law that the ...
Tax Refund Release Required Without Section 241A Order; Impugned Decision Lacks Justification on Revenue Impact.
August 2, 2022
Case Laws Income Tax HC
Withholding of refund u/s 241A - It is settled law that the refund due to the Petitioner is liable to be released at the time of issuance of the intimation/order under Section 143(1) of the Act unless an Order for withholding of refund has been passed under Section 241A of the Act explicitly recording that the grant of refund is likely to adversely affect the Revenue. - the impugned Order lacks sufficient reasoning to hold that the Revenue would be adversely affected by the grant of refund - HC
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