Sunday 2 December 2012

Procedure For Adjustment Of Refunds: CBDT Directive To CPC/ CITs

With a view to mitigate the problem raised due to mismatch of tax and TDS credits, the Income-tax Department has issued an Instruction letter dated 27.11.2012 which contains a step by step procedure for adjustment of refunds to be followed by the AOs and the Centralized Processing Center


http://www.itatonline.org/info/index.php/procedure-for-adjustment-of-refunds-cbdt-directive-to-cpc-cits/

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Pre-GST taxes cannot be refunded if paid pursuant to an inquiry

  This is to update you about an important decision by Tribunal in the case of Filatex India Limited vs. CCE & ST , E A No. 10231 of ...