Income Tax : Learn why income tax refunds get delayed in AY 2026-27, how to track refund status, fix common issues, and claim interest under Se...
Income Tax : The provisions governing income tax refunds explain when excess tax paid can be claimed back, who is entitled to receive refunds, ...
Income Tax : The document clarifies that taxpayers may be liable to pay interest under Section 234D when refunds granted under Section 143(1) e...
Income Tax : The framework clarifies that refunds can be claimed only through valid ITR filing and mandatory verification. It emphasizes proced...
Income Tax : The new Act continues the existing tax payment framework without altering compliance obligations. It simplifies presentation while...
Income Tax : India's net direct tax collections fell by 1.34% to ₹562,827 crore by July 10, 2025, despite a 3.17% rise in gross collections, ...
Income Tax : Income Tax Department warns against wrongful refund claims in ITRs. Explains consequences like penalties, scrutiny, prosecution, a...
Income Tax : Out of 3.94 crore valid ITRs for AY 2024-25, refunds were processed for 3.68 crore. Reasons for delays include invalid bank detail...
Income Tax : The Finance Act 2023 integrates sections on refund set off and withholding into section 245 of the Income-tax Act, impacting how r...
Income Tax : Learn about the rise in tax returns filed in India, targeted campaigns encouraging filings, and steps taken by the government for ...
Income Tax : Kerala High Court kept refund adjustment in abeyance, directing disposal of the pending rectification application before recovery ...
Income Tax : The Calcutta High Court held that adjusting admitted refunds to recover more than 20% of disputed tax demand during the pendency o...
Income Tax : The Calcutta High Court held that recovery exceeding 20% of the disputed tax demand during the pendency of an appeal before the CI...
Income Tax : The Calcutta High Court held that adjustment of a tax refund against a disputed demand could not be sustained while the stay appli...
Income Tax : The High Court found that withdrawal of garnishee notices and compliance with the CBDT Office Memoranda entitled the assessee to s...
Income Tax : SOP for investigating high-risk refund cases for AY 2024-25. Clusters of suspicious ITRs identified and disseminated for verificat...
Income Tax : Insight Instruction No. 8 guides Assessing Officers in verifying high-risk refund ITRs for AY 2024-25, detailing steps for verific...
Income Tax : CBDT issues comprehensive guidelines for condonation of delay in filing returns claiming refunds or losses under Section 119(2)(b)...
Income Tax : Explore detailed guidelines & procedures for verifying high-risk refund cases using Insights investigation tool. Learn how to navi...
Income Tax : Discover how jurisdictional assessing officers verify high-risk refund cases with Insight Instruction No. 77. Learn the SOP and st...
Read about Punnorath Meethal Sankaran vs ITO case: Kerala HC sets aside order rejecting condonation of delay in filing income return. Jurisdiction issue in refund claims above 10 Lakhs.
Learn about income tax refund set-off under Section 245. Discover the process, rights, and implications for taxpayers. Get insights into recent changes and how to respond to adjustments.
Karnataka High Court held that withholding of refund without satisfying requirements of provisions of section 241A of the Income Tax Act is unsustainable in law. Accordingly, refund along with interest allowed.
Delhi High Court orders Income Tax Department to release Rs. 87,89,440 refund to Tirupati Buildings Private Limited, adjusted against outstanding demand for AY 2011-12.
Delhi High Court directs Income Tax Department to remit Rs 44.6 lakhs refund in the Syed Habeebur Rehman vs. DCIT Circle 28(1) & Ors. case, resolving a dispute over AYs 2010-11 and 2014-15. Full judgment details.
Introduction: On the 1st of December, 2023, the Central Board of Direct Taxes (CBDT), under the Ministry of Finance, issued a crucial order under section 119 of the Income-tax Act, 1961. The order addresses the processing of electronically filed income tax returns with refund claims, extending the deadline beyond prescribed limits for non-scrutiny cases. This […]
Delhi High Court order on Nokia Corporation vs DCIT. Progress on refund verification, instructions for remittance, and resolution through an indemnity bond.
Bombay High Court criticizes default system excuses delaying refunds, urges Finance Ministry intervention. Matrix Publicities vs. DCIT detailed case analysis.
Stay updated on the latest Instruction No. 02/2023 from the Ministry of Finance. Learn about revised timelines, monetary limits, and workflow for withholding refunds under Section 245(2) of the Income-tax Act, 1961
Telangana HC directed Income Tax Department to expedite processing of a rectification application filed by Virtusa Consulting Services Private Limited.
