1 For every assessment year commencing on or after the 1st day of April,
2017, where refund of any amount becomes due to the assessee under the
provisions of sub-section (1) of section 143 and the Assessing Officer is of the
opinion, having regard to the fact that a notice has been issued under
sub-section (2) of section 143 in respect of such return, that the grant of the
refund is likely to adversely affect the revenue, he may, for reasons to be
recorded in writing and with the previous approval of the Principal Commissioner
or Commissioner, as the case may be, withhold the refund up to the date on which
the assessment is made.
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1. Ins. by Act 7 of 2017, s. 77 (w.e.f. 1-4-2017).
Section 236 Relief to company in respect of dividend paid out of past taxed profits
Section 236a Relief to certain charitable institutions or funds in respect of certain dividends
Section 238 Person entitled to claim refund in certain special cases
Section 239 Form of claim for refund and limitation
Section 240 Refund on appeal, etc
Section 241A Withholding of refund in certain cases
Section 242 Correctness of assessment not to be questioned
Section 243 Interest on delayed refunds
Section 244 Interest on refund where no claim is needed
Section 244A Interest on refunds
Section 245 Set off of refunds against tax remaining payable