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Non reply to intimation under sec 245, income tax act

Tax queries 3433 views 1 replies

Hello!!

There is a client who had recieved a notice under sec 245 of Income Tax Act to set off refund against a demand. He has received this intimation on various dates but has failed to act upon it. Now, he has approached with the intimation copy asking help to obtain full refund.

I would like to know - 

  1. What are the consequences of not replying to the intimation under section 245?
  2. Is there any possibility of getting back the entire refund?

Kindly guide.

Thanks & Regards

Anjali

 

 

 

Replies (1)

Hello Anjali,

On practical front, it is very difficult to get back the refund from department. On top of it, if the assessee is silent all these days and trying to react now,

Also as you say, it was U/s 245, wherein they would have already adjusted the refund against demand payable by the assessee.

I would say ZERO chances of convincing Assessing Officer.

Thanks,

Suri 


CCI Pro

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