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Section 245 – Income Tax Act, 1961

Income Tax Act, 1961

 

 

Section 245. SET OFF OF REFUNDS AGAINST TAX REMAINING PAYABLE.

 

Where under any of the provisions of this Act, a refund is found to be due to any person, the Assessing Officer, Deputy Commissioner (Appeals), Commissioner (Appeals) or Chief Commissioner or Commissioner, as the case may be, may, in lieu of payment of the refund, set off the amount to be refunded or any part of that amount, against the sum, if any, remaining payable under this Act by the person to whom the refund is due, after giving an intimation in writing to such person of the action proposed to be taken under this section.

 

Related Judgements

 

COMMISSIONER OF INCOME-TAX v. KANUBHAI ENGINEERS (P) LTD.

 

 

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Income Tax Act, 1961 

 

Indian Laws – Bare Acts

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