https://www.taxtmi.com/caselaws?id=70776 The Tribunal upheld the CIT(Appeals) decision, ruling that the Assessing Officer can grant refunds under section 143(3) of the Income Tax Act if the tax paid exceeds the assessed tax. The Tribunal emphasized that failure to refund excess tax would amount to confiscation, contrary to constitutional principles. Previous decisions supporting refund under section 143(3) were considered, and the Tribunal dismissed the Revenue's appeal, affirming the assessee's entitlement to a refund during assessment proceedings. en-us Mon, 17 Aug 1998 00:00:00 +0530 Tue, 19 Apr 2011 11:48:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70776 The Tribunal upheld the CIT(Appeals) decision, ruling that the Assessing Officer can grant refunds under section 143(3) of the Income Tax Act if the tax paid exceeds the assessed tax. The Tribunal emphasized that failure to refund excess tax would amount to confiscation, contrary to constitutional principles. Previous decisions supporting refund under section 143(3) were considered, and the Tribunal dismissed the Revenue's appeal, affirming the assessee's entitlement to a refund during assessment proceedings. Case-Laws Income Tax Mon, 17 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70776