Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Annuity Deposit Scheme 1966: No Partial Refunds Allowed, Excess Deposits Adjusted in Future Years Per Guidelines.</h1> The Annuity Deposit Scheme 1966 mandates the refund of the entire deposit for any given assessment year, as previously outlined in a 1969 circular. It has come to the Board's attention that some Income Tax Officers are authorizing partial refunds, especially when deposits are made in installments or at different locations. The scheme does not allow for partial refunds of excess deposits; instead, excess amounts should be adjusted in subsequent years as per the scheme's guidelines. Therefore, no partial refunds should be issued, and these instructions must be communicated to all relevant parties.
TaxTMI 
TaxTMI 
