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Paid by Mistake? Here's Why Time Limits May Not Block Your Refund

Imagine this: A taxpayer, either suo-moto or subsequently, deposits a hefty sum with the tax department. Time passes, the case fizzles out, and two years later, they realize the amount was never actually payable. They rush to claim a refund—only to be told, "Sorry, you’re too late! The two-year window under Section 54(1) has closed". ut is that really the end of the road? Judicial precedents say otherwise........................ Read More