Can’t adjust entire refund against outstandings, rules HC in relief for taxpayers

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(This story originally appeared in on May 05, 2021) The Bombay high court recently held that income tax (I-T) officers cannot adjust the refunds due to taxpayers against outstanding demands in excess of the limits laid down in instructions, circulars and guidelines issued by the Central Board of Direct Taxes (CBDT). This order comes as … Read more