Refund of Tax - a deemed acceptance of the return of income...

Refund of Tax - a deemed acceptance of the return of income furnished by the assessee stands and holds good and consequently, any tax paid either along with the return or later under any circumstances would certainly fall under the purview of "tax chargeable on the total income returned by the assessee" as referred to in Proviso (b) of Section 240 of the said Act. - Entire amount of tax cannot be refunded where the fresh assessment was set aside.