Can’t adjust entire refund against outstandings, rules HC in relief for taxpayers

This order comes as a relief, especially for India Inc and high net worth individuals where the amounts at stake are significant. If refunds that are due are fully adjusted against any tax demand, even if the amount demanded has been appealed against, it adversely impacts taxpayers.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3hfqfSz