Income Tax Refund

How to get Old Income Tax Refund?

Income Tax - How to get old Income Tax Refund? Can I do this process online or I have to visit Income Tax Office? Can I file my ITR now to get the old Income Tax Refund? What is the procedure to file application for condonation of delay in Filing of Refund Claim?...

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Income Tax CPC Frauds – An eye opener for Honest Tax Payers…

Income Tax - You may be surprised to read the heading of this article and it will be very hard to believe for many of us. But it a big eye opener for all honest tax paying citizen, how CPC utilize our hard ended money for paying planned fraudulent Refunds....

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How to Request for Income Tax Refund Re-issue

Income Tax - As we all are aware that, currently the refund shall be issued to the pre-validated bank account only. There can be instances such as incorrect bank account details, incorrect address, IFSC Code and so on due to which the CPC has rejected the refund of the taxpayer and communicated through email. In such cases of […]...

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Withholding Tax Refund of Assessee by AO ( Not a discretionary right)

Income Tax - Recent judgement of Delhi High court in the case of Maple Logistic (P) Ltd. Has again highlighted the matter of withholding the refund of assessee without following spirit of law. When a case of assessee is selected for scrutiny, refund is withheld. It is against the law and court has taken very adverse view on […]...

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Prevalidation of Bank Account| Mandatory for Income Tax Refund Credit

Income Tax - A reminder to all the Tax return preparers and the assessees filling your ITR of a very imp Income tax related update brought about for ITR Filing for FY 18-19 onwards. From March 1, 2019, the I-T department has started issuing income tax refunds only through e-mode. The new rule means that the earlier practice […]...

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Link your PAN with your Bank Account- No Refund if A/c not linked

Income Tax - Link your PAN with your Bank Account… Get your refund directly, swiftly and securely in your bank account Income Tax Department will Issue only e-refunds from 01.03.2019 Refunds will be given only to bank accounts (savings/current/cash/OD) which are linked with PAN. To check if your bank account is linked with your PAN, login to e...

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Income Tax Refund and Return filed during last 3 Financial Years

Income Tax - The level of income-tax compliance has continuously increased over the last three Financial Years, which is reflected in the number of Income-Tax Returns filed over this period, as given hereunder: – S.No. Financial Year Total Number of Income Tax Returns filed Percentage increase over previous Financial Year (a) (b) (c) (d) 1 2015-...

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CBDT disposes More than 20,000 Income Tax refund cases

Income Tax - The Income Tax Department observed a dedicated fortnight from 1st to 15th June, 2018 to expeditiously clear pending matters of appeal effect and rectification. More than 20,000 such matters were disposed of and refunds were issued to the taxpayers, wherever due. Seeing the success of this initiative, the special drive was extended in cert...

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Beware of Fake Income Tax Refund emails

Income Tax - For all of those who have Income Tax return and have received an e-mail stating that there has been an error in calculating your tax and a refund has to be issued, please ignore it....

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Non-residents allowed to claim Income Tax Refund in Foreign Bank A/c

Income Tax - Income-tax Return Forms for the Assessment Year 2017-18 were notified on 30th March, 2017. A number of representations were received from the non-residents that they are facing difficulties in getting refund as they do not have bank account in India and there is no column in the notified form of return of income for reporting details of f...

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HC Explains Law for Withholding of IT Refund under Section 241A

Maple Logistics Private Limited & Anr Vs Pr. CCIT (Delhi High Court) - Maple Logistics Private Limited & Anr Vs Pr. CCIT (Delhi High Court) Assessing Officer shall, firstly, with reasons, make a prima facie assessment of the probability that additions would be made in the Scrutiny Assessment Proceedings, secondly; he shall make an assessment of the quantum of addit...

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CA and others convicted for Cheating Income Tax Department

CBI Vs Devendra Chaturvedi (Special Court for CBI At Greater Bombay) - CBI Vs. Devendra Chaturvedi (Special Court for CBI at Greater Bombay) In nutshell, it is the allegation against accused that they conspired to cheat the Income Tax Department and in collusion with each other during the relevant period accused No.1 prepared income tax returns with the assistance of a...

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Form-29B not significant for processing of Income Tax Return: HC

HHA Tank Terminal (P) Ltd. Vs ACIT (Kerala High Court) - We have already found that Form-29B is not at all significant for processing of the return as is seen from the facts of the case which indicate that such processing having been done far earlier to the filing of such statement...

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Interest payable on refund of Tax which was Paid pursuant to a special order of AO

Universal Cables Ltd Vs CIT (Supreme Court) - Universal Cables Ltd Vs CIT (Supreme Court) A ‘tax refund’ is a refund of taxes when the tax liability is less than the tax paid. As per the old section an assessee was entitled for payment of interest on the amount of taxes refunded pursuant to an order passed under the Act, including t...

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Auto-generated communication/Order under section 241A are not valid: HC

Vodafone Idea Limited Vs DCIT (Bombay High Court) - Auto-generated communication dated 24.3.2019 which contained the note of withholding of the refund in terms of Section 241A of the Act, does not satisfy any of the legal tests for passing said order. Firstly, it is not passed by the Assessing Officer who is competent to do so. Secondly, it is not e...

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Functionality to process returns having Income Tax refund claims

ITBA-Processing Instruction No. 9 - (12/09/2019) - Functionality for processing of returns having refund claims which were not processed within the time allowed u/s 143(1) due to some technical or other reasons- reg....

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Processing of I.T. returns with refund beyond prescribed time limits in non-scrutiny cases

F. No.225/194/2019/ITA-II - (05/08/2019) - (a) returns filed for any assessment year prior to assessment year 2017-18, which were under scrutiny and were not processed in view of provisions of sub-section (1D) of section 143 of the Act; (b) returns remain unprocessed, where either demand is shown as payable in the return or is likely to a...

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Modified Approval process for issue of paper Income Tax refunds and Manual Order Upload functionality

F. No. System/ITBA/Instruction/Assessment/177/16-17/ - (18/09/2019) - Kind reference is invited to ITBA assessment instruction no 9 dated 07.05.2018 in which the process of uploading of manually passed order in ITBA system was described. Vide above instruction it was explained that for doing any work in system, the previous orders should have been passed in system....

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Functionality of Withholding of Income Tax Refund u/s 241A- Reg.

ITBA-ITR Processing Instruction No. 5 - (14/12/2018) - ITBA-ITR Processing Instruction No. 5 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 F.No. System/ITBA/Instruction/ITR Processing/112/16-17/ Dated: 14.12.2018 To All Principal Chief Commissioners of Income-tax/CCsIT All Principal Directo...

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CBDT Directive on Refund Fraud & Confidential Data Leakage

F. No. DGIT (Vig.)/HQ/DE0/2018-19/5170 - (27/11/2018) - Large-scale outsourcing of data entry functions in the Income Tax Department poses a risk of refund frauds and leakage of confidential data. It has been noticed that quite often the outsourced data entry operators have access to the RSA Tokens issued to the officers and are also aware of the passwor...

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Recent Posts in "Income Tax Refund"

How to get Old Income Tax Refund?

How to get old Income Tax Refund? Can I do this process online or I have to visit Income Tax Office? Can I file my ITR now to get the old Income Tax Refund? What is the procedure to file application for condonation of delay in Filing of Refund Claim?...

Read More
Posted Under: Income Tax |

Income Tax CPC Frauds – An eye opener for Honest Tax Payers…

You may be surprised to read the heading of this article and it will be very hard to believe for many of us. But it a big eye opener for all honest tax paying citizen, how CPC utilize our hard ended money for paying planned fraudulent Refunds....

Read More
Posted Under: Income Tax |

How to Request for Income Tax Refund Re-issue

As we all are aware that, currently the refund shall be issued to the pre-validated bank account only. There can be instances such as incorrect bank account details, incorrect address, IFSC Code and so on due to which the CPC has rejected the refund of the taxpayer and communicated through email. In such cases of […]...

Read More
Posted Under: Income Tax |

Withholding Tax Refund of Assessee by AO ( Not a discretionary right)

Recent judgement of Delhi High court in the case of Maple Logistic (P) Ltd. Has again highlighted the matter of withholding the refund of assessee without following spirit of law. When a case of assessee is selected for scrutiny, refund is withheld. It is against the law and court has taken very adverse view on […]...

Read More
Posted Under: Income Tax |

Prevalidation of Bank Account| Mandatory for Income Tax Refund Credit

A reminder to all the Tax return preparers and the assessees filling your ITR of a very imp Income tax related update brought about for ITR Filing for FY 18-19 onwards. From March 1, 2019, the I-T department has started issuing income tax refunds only through e-mode. The new rule means that the earlier practice […]...

Read More
Posted Under: Income Tax |

HC Explains Law for Withholding of IT Refund under Section 241A

Maple Logistics Private Limited & Anr Vs Pr. CCIT (Delhi High Court)

Maple Logistics Private Limited & Anr Vs Pr. CCIT (Delhi High Court) Assessing Officer shall, firstly, with reasons, make a prima facie assessment of the probability that additions would be made in the Scrutiny Assessment Proceedings, secondly; he shall make an assessment of the quantum of additions, if any, that may be made to the [&...

Read More
Posted Under: Income Tax |

CA and others convicted for Cheating Income Tax Department

CBI Vs Devendra Chaturvedi (Special Court for CBI At Greater Bombay)

CBI Vs. Devendra Chaturvedi (Special Court for CBI at Greater Bombay) In nutshell, it is the allegation against accused that they conspired to cheat the Income Tax Department and in collusion with each other during the relevant period accused No.1 prepared income tax returns with the assistance of accused No.2 in the name of accused [&hel...

Read More
Posted Under: Income Tax |

Form-29B not significant for processing of Income Tax Return: HC

HHA Tank Terminal (P) Ltd. Vs ACIT (Kerala High Court)

We have already found that Form-29B is not at all significant for processing of the return as is seen from the facts of the case which indicate that such processing having been done far earlier to the filing of such statement...

Read More

Interest payable on refund of Tax which was Paid pursuant to a special order of AO

Universal Cables Ltd Vs CIT (Supreme Court)

Universal Cables Ltd Vs CIT (Supreme Court) A ‘tax refund’ is a refund of taxes when the tax liability is less than the tax paid. As per the old section an assessee was entitled for payment of interest on the amount of taxes refunded pursuant to an order passed under the Act, including the order […]...

Read More

Auto-generated communication/Order under section 241A are not valid: HC

Vodafone Idea Limited Vs DCIT (Bombay High Court)

Auto-generated communication dated 24.3.2019 which contained the note of withholding of the refund in terms of Section 241A of the Act, does not satisfy any of the legal tests for passing said order. Firstly, it is not passed by the Assessing Officer who is competent to do so. Secondly, it is not even an order, it is a mere auto-generate...

Read More

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