Friday, March 29, 2024    Bookmark and Share
AKAS & ASSOCIATES LLP
Chartered Accountant
My Documents
Admin Login
 
Home
Services
About Us
Contact Us
Partners
Ask a Query
38 : Power to withhold refund in certain cases M.P. ACT

 

38 : Power to withhold refund in certain cases
Where an order giving rise to a refund is passed and the Commissioner is satisfied that the grant of the refund is likely to be prejudicial to the interest of revenue and action under sub-section (2) or sub-section (5) of Section 47 is required to be initiated or an application to the Appellate Board to enhance the tax levied or penalty imposed is required to be made or the said order is the subject matter of any proceeding under Section 53, the Commissioner may withhold the refund till such time as the aforesaid proceedings are finally decided :
    Provided thatthe dealer shall be paid interest under sub-section (5) of Section 37 on the amount of refund ultimately determined to be due as a result of the aforesaid proceedings for the period commencing after the expiry of sixty days from the date of receipt of the order giving rise to the refund.
Total Visitors: 721984 Powered By Aem Solutions