https://www.taxtmi.com/circulars?id=9171 When assessment is set aside but re assessment is pending, issuing a refund of excess tax may prejudice revenue because additions may be restored; the Income tax Officer should consider withholding the refund by referring to the Commissioner for approval under section 241, and, if withheld, re assessment should be completed promptly so the refund can be adjusted against resultant tax demand and avoid interest. en-us Tue, 21 Mar 1978 00:00:00 +0530 Thu, 02 Jun 2011 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9171 When assessment is set aside but re assessment is pending, issuing a refund of excess tax may prejudice revenue because additions may be restored; the Income tax Officer should consider withholding the refund by referring to the Commissioner for approval under section 241, and, if withheld, re assessment should be completed promptly so the refund can be adjusted against resultant tax demand and avoid interest. Circulars Income Tax Tue, 21 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9171