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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Adjustment of Refund with Tax Demand of a Group company - There ...


High Court: Tax Refunds Cannot Be Offset Against Another Entity's Liabilities Within the Same Group.

March 20, 2013

Case Laws     Income Tax     HC

Adjustment of Refund with Tax Demand of a Group company - There is no provision which authorizes Income-tax authorities to set off the refund of a person against the dues of another person. - HC

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