{"id":31370,"date":"2022-12-16T12:52:23","date_gmt":"2022-12-16T07:22:23","guid":{"rendered":"https:\/\/itatonline.org\/digest\/graphite-india-ltd-v-dy-cit-2022-448-itr-292-cal-hc\/"},"modified":"2022-12-16T12:52:23","modified_gmt":"2022-12-16T07:22:23","slug":"graphite-india-ltd-v-dy-cit-2022-448-itr-292-cal-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/graphite-india-ltd-v-dy-cit-2022-448-itr-292-cal-hc\/","title":{"rendered":"Graphite India Ltd. v. Dy. CIT (2022) 448 ITR 292 (Cal.)(HC)"},"content":{"rendered":"<p>Allowing the petition the court held that on the facts, the action of the Assessing Officer under section\u00a0245\u00a0making an adjustment of demand for the assessment year 2015-16 in excess of 20 per cent. against the refund relating to the assessment year 2008-09 without taking any decision and disposing of the objection of the assessee in its application under section\u00a0220(6)\u00a0against the intimation was bad in law and therefore, unsustainable. The Assessing Officer was directed to refund the amount adjusted in excess of 20 per cent. of the demand for the assessment year 2015-16 from the amount refundable for the assessment year 2008-09. (AY.2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 245 : Refunds-Set off of refunds against tax remaining payable-Appeal pending-Entitled to refund of  amount adjusted in excess of  20 Per Cent-No order passed  either accepting or  rejecting&#8211;Entitled to refund of  amount adjusted in excess of  20 Per Cent. [S. 156, 220(6), 227, Art. 226]  <\/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":[21],"tags":[],"class_list":["post-31370","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-89Y","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31370","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=31370"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31370\/revisions"}],"predecessor-version":[{"id":31371,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31370\/revisions\/31371"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=31370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=31370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=31370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}