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<h1>Assessee eligible for tax refund after fresh assessment if initial one is canceled; outstanding dues deducted first.</h1> An assessee is entitled to a refund for any excess amount paid over their tax liability for a financial year, which will be issued as prescribed. If an assessment is set aside or canceled, a refund is only granted after a fresh assessment is made. Any refund amount determined will be reduced by any outstanding tax liabilities under the Code, with the balance, if any, refunded to the assessee along with a notification.