Parthasarathi Loganathan (Advocate) 11 March 2010
In fact, Govt to devise a policy to adjust the Refundable portion of the previous year with the Payable portion of the current year so that the Assesses can be benefited instead of waiting for the Receivables from the previous year on account of excess Tax paid.
Vineet (Director) 21 March 2010
I agree with you on this issue.
In fact for past few years there is a discussion within the policy makers to devise a PAN based running account akin to a current account wherein all payments and refunds are accounted for and adjusted against the tax liability. let's hope it comes in final shape soon.
Sreekumar.R (advocate) 25 March 2010
Sir,
I have filed a civil suit for dishonest delay of refund for assessment year 2008-09 by Income Tax. The refund said to have been paid on30.6.09 was actualy paid on 16.3.10.They have now come up with a plea of good faith u/s293 IT Act,'61. Is this tenable? Let me know with supporting judgments.
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
