{"id":47575,"date":"2024-11-07T16:23:51","date_gmt":"2024-11-07T10:53:51","guid":{"rendered":"https:\/\/itatonline.org\/digest\/myntra-designs-p-ltd-v-nfac-2024158-taxmann-com-38-336-ctr-614-karn-hc\/"},"modified":"2024-11-07T16:23:51","modified_gmt":"2024-11-07T10:53:51","slug":"myntra-designs-p-ltd-v-nfac-2024158-taxmann-com-38-336-ctr-614-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/myntra-designs-p-ltd-v-nfac-2024158-taxmann-com-38-336-ctr-614-karn-hc\/","title":{"rendered":"Myntra Designs (P.) Ltd v. NFAC (2024)158 taxmann.com 38 \/ 336 CTR 614 (Karn) (HC)"},"content":{"rendered":"<p>Assessing Officer had informed \u00a0about computed refund. Principal Commissioner approved withholding of refund recording that reference to TPO was pending and there was every likelihood of raising a demand. On writ allowing the petition the Court held that \u00a0if a reference to TPO was under investigation and if adjudication, after due process, results in a demand, assessee will have to answer demand, but in anticipation of a conclusion for a demand without even recording reasons, assessee could not be denied refund. Accordingly the\u00a0 Assessing Officer is \u00a0directed to refund amount along with interest within time specified.(AY. 2021-22)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 241A : Refunds-Withholding of refund in certain cases-In anticipation  demand without even recording reasons-Refund cannot be denied. [S. 244A, 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-47575","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cnl","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47575","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=47575"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47575\/revisions"}],"predecessor-version":[{"id":47576,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47575\/revisions\/47576"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=47575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=47575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=47575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}