AO can’t withhold refund if no demand as against assessee was pending on date when refund was notified: HC

INCOME TAX : Section 241A provides for withholding of refunds if Assessing Officer concerned finds that refund will have an adverse affect on revenue; however, where notice for refund was issued and refund was withheld with no reasons given and no demand as against assessee was pending on date when refund was notified, Assessing Officer could not have kept refund withheld

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