https://www.taxtmi.com/caselaws?id=209345 Tax deducted at source on interest that had never accrued to the deductee was treated as refundable to the assessee where the deductee confirmed non-accrual and raised no objection to refund. The Court relied on Circular No. 285 dated 21 October 1980, which permits refund of excess TDS payments and remained valid and subsisting. On those facts, refusal of refund could not stand, and the assessee was held entitled to refund of the TDS amounts paid for the relevant assessment years. en-us Thu, 09 Dec 2010 00:00:00 +0530 Mon, 22 Jul 2013 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209345 Tax deducted at source on interest that had never accrued to the deductee was treated as refundable to the assessee where the deductee confirmed non-accrual and raised no objection to refund. The Court relied on Circular No. 285 dated 21 October 1980, which permits refund of excess TDS payments and remained valid and subsisting. On those facts, refusal of refund could not stand, and the assessee was held entitled to refund of the TDS amounts paid for the relevant assessment years. Case-Laws Income Tax Thu, 09 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209345