Power to withhold refund in certain cases

Tax200032 of 28 sections available

Statutory text

(1) Where an order giving rise to a refund is the subject matter of an appeal, revision, reference or re-assessment and the authority competent to grant such refund is likely to adversely affect the revenue, such authority may, with the prior approval of the Commissioner, withhold the refund till such time as the Commissioner may determine which may at the most extend to final decision of the pending proceeding:

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