{"id":11766,"date":"2020-06-04T03:20:01","date_gmt":"2020-06-04T03:20:01","guid":{"rendered":"http:\/\/itatonline.org\/digest\/vodafone-idea-ltd-earlier-known-as-vodafone-mobile-services-ltd-v-acit-2020-116-taxmann-com-393-sc-www-itatonline-org\/"},"modified":"2021-05-06T15:18:33","modified_gmt":"2021-05-06T09:48:33","slug":"vodafone-idea-ltd-earlier-known-as-vodafone-mobile-services-ltd-v-acit-2020-116-taxmann-com-393-sc-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/vodafone-idea-ltd-earlier-known-as-vodafone-mobile-services-ltd-v-acit-2020-116-taxmann-com-393-sc-www-itatonline-org\/","title":{"rendered":"Vodafone Idea Ltd ( Earlier Known as Vodafone Mobile Services Ltd) v .ACIT (2020)424 ITR 664\/ 189 DTR 26\/ 315 CTR 1  \/ 273 Taxman 91 \/ 116 taxmann.com 393 ( SC) www.itatonline.org Editorial :  Vodafone Mobile Services Ltd v ACIT ( 2018) 100 taxmann.com 310 \/ ( 2019) 260 Taxman 417 (Delhi) (HC ) is affirmed ."},"content":{"rendered":"<p><strong>Till AY 2016-17, if a scrutiny notice u\/s 143(2) is issued, the return is not required to be processed u\/s 143(1) for grant of refund to the assessee. From AY 2017-18 &amp; onwards, a different regime is prescribed by Parliament. S. 241A requires separate recording of satisfaction on part of the AO that having regard to the issue of notice u\/s 143(2), the grant of refund is likely to adversely affect the revenue. The withholding of refund requires the previous approval of the PCIT with reasons to be recorded in writing. \u00a0<\/strong>When assessment pursuant to notice under section 143(2) was pending and likelihood of substantial demands upon assessee after completion of scrutiny could not be ruled out, refund claim could not be allowed .\u00a0 Court \u00a0observed that<\/p>\n<p>since the requisite action is not even initiated\u00a0 court \u00a0directed \u00a0that the amount of Rs.733 Crores shall be refunded to the appellant within four weeks from today subject to any proceedings that the Revenue may deem appropriate to initiate in accordance with law. \u00a0Court also directed \u00a0the respondents to conclude the proceedings initiated pursuant to notice under sub-section (2) of Section 143 of the Act in respect of AY 2016-17 and 2017-18 as early as possible. (AY. 2014 -15 , to 2017-18)<b>\u00a0 \u00a0<\/b><b>\u00a0<\/b>(CA No.2377 of 2020 Arising out of SLP(Civil) No.1169 of 2019, Dt. 29\/4\/2020)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.241A: Refund- Withholding of refund in certain cases \u2013 Satisfaction to be recorded by the AO \u2013 The  withholding of refund requires the previous approval of the PCIT with reasons to be recorded in writing.- When assessment pursuant to notice under section 143(2) was pending and likelihood of substantial demands upon assessee after completion of scrutiny could not be ruled out, refund claim could not be allowed &#8211;  When no action is initiated the Court directed the revenue to grant the refunds  with  in four weeks .   [ S.143(1) 143(2) 245 ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11766","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-33M","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=11766"}],"version-history":[{"count":5,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11766\/revisions"}],"predecessor-version":[{"id":17649,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11766\/revisions\/17649"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=11766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=11766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=11766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}