Advertisement
Advertisement
Skip to content
Follow Us on
Advertisement
TOP STORIES
Income Tax

Excess Income Tax Refund Set-Off Against Disputed Penalty Impermissible: Bombay HC

Case Law Details

Case Name
Fork Media Group Private Limited Vs Centralized Processing Centre (Bombay High Court)
Date of Judgement/Order
Only available for paid members
Advertisement Fork Media Group Private Limited Vs Centralized Processing Centre (Bombay High Court) The writ petition challenged an order dated 19 December 2024 passed by the Centralized Processing Centre (CPC) adjusting tax refunds against a disputed penalty without granting refund of the excess amount. The petitioner contended that refunds of ₹37,00,594 for AY 2022–23 and ₹43,17,534 for AY 2023–24 were adjusted against a penalty demand of ₹1,16,85,263 levied under section 270A for AY 2021–22, even though the penalty was under appeal before the First Appellate Authority. As a r...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Advertisement

Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,853

Join TaxGuru's Network for the latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Reply

Your email address will not be published. Required fields are marked *