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Refunds to be withheld only in doubtful scrutiny cases: CBDT

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Beginning next financial year, the tax department will withhold refund in scrutiny cases only “inexceptional circumstances”, like an apprehension that the assessee might flee the country.In order to address the concerns of assessees in genuine cases,the Finance Bill 2017 has relaxed the norms for refunds for  scrutiny cases.Elaborating on the Budget provision,Central Board of Direct Taxes(CBDT) Chairman Sushil Chandra said income tax refund will not be withheld simply because the case has been selected for scrutiny. “Only in exceptional circumstances,that too with a lot of riders,the Commissioner can order for withholding refund.
 
07TH FEBRUARY, 2017, BUSINESS STANDARD, NEW-DELHI

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