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Income Tax - Highlights / Catch Notes

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Set off and withholding of refunds u/s 245 - Adjustment of ...

Case Laws     Income Tax

June 1, 2023

Set off and withholding of refunds u/s 245 - Adjustment of refund amount with the demand of tax for the subsequent years - petitioner has agreed that, against the refund due qua AY 2021-2022 & 2022-23, adjustment is made to the extent of 20% of the demand raised for AY 2017-18. - directions issued for refund of the balance amount accordingly - HC

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