Compulsory deposit refund: erroneous taxpayers may claim refunds with verified evidence and interest after deposit-office review. Erroneous compulsory deposits made by persons not liable under section 3(2), whose current income did not exceed the statutory limit, or who were exempt under section 4(2), are to be refunded by the deposit office on application in duplicate with original receipt (Form B), passbook and income evidence; deposit officers must verify records and supporting evidence and may allow refunds with interest at the prevailing Post Office Savings Bank rate.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Compulsory deposit refund: erroneous taxpayers may claim refunds with verified evidence and interest after deposit-office review.
Erroneous compulsory deposits made by persons not liable under section 3(2), whose current income did not exceed the statutory limit, or who were exempt under section 4(2), are to be refunded by the deposit office on application in duplicate with original receipt (Form B), passbook and income evidence; deposit officers must verify records and supporting evidence and may allow refunds with interest at the prevailing Post Office Savings Bank rate.
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