https://www.taxtmi.com/acts?id=12196 The amended section provides a recovery regime for non-levy, short-levy, erroneous refunds and unpaid interest, allowing voluntary payment before notice which, when notified, precludes subsequent notice or penalty for the paid amount; if the payment falls short the proper officer may issue notice for the shortfall, computing limitation from receipt of the payment information. It distinguishes ordinary cases (one year limitation) from cases involving collusion, wilful misstatement or suppression (five year limitation) and prescribes procedural timelines and definitions for the relevant date. en-us Sat, 09 Apr 2011 14:41:32 +0530 Sun, 10 Apr 2011 11:17:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12196 The amended section provides a recovery regime for non-levy, short-levy, erroneous refunds and unpaid interest, allowing voluntary payment before notice which, when notified, precludes subsequent notice or penalty for the paid amount; if the payment falls short the proper officer may issue notice for the shortfall, computing limitation from receipt of the payment information. It distinguishes ordinary cases (one year limitation) from cases involving collusion, wilful misstatement or suppression (five year limitation) and prescribes procedural timelines and definitions for the relevant date. Act-Rules F. Acts / Amendment Acts Sat, 09 Apr 2011 14:41:32 +0530 https://www.taxtmi.com/acts?id=12196