https://www.taxtmi.com/circulars?id=4581 Erroneous deposits under the Compulsory Deposit Scheme may be refunded by deposit offices after an applicant files a duplicate application specifying deposit details, reasons and income evidence, and produces the original receipt and pass book. Deposit officers must verify the deposit and supporting documents and may allow refund with interest at the prevailing Post Office Savings Bank rate. Income-tax Officers may scrutinise refund claims during assessment and initiate penal action where improper claims have been allowed under the Act and the Scheme. en-us Fri, 24 Oct 1975 00:00:00 +0530 Wed, 30 Jul 2008 19:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4581 Erroneous deposits under the Compulsory Deposit Scheme may be refunded by deposit offices after an applicant files a duplicate application specifying deposit details, reasons and income evidence, and produces the original receipt and pass book. Deposit officers must verify the deposit and supporting documents and may allow refund with interest at the prevailing Post Office Savings Bank rate. Income-tax Officers may scrutinise refund claims during assessment and initiate penal action where improper claims have been allowed under the Act and the Scheme. Circulars Income Tax Fri, 24 Oct 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4581