https://www.taxtmi.com/circulars?id=9296 The Board concluded that the power to set off refundable amounts under section 245 may be exercised notwithstanding that an assessee has been treated as not in default under section 220(6); the tax liability remains in existence distinct from its enforcement. The Board distinguished prior instructions on abeyance under section 220(7) as not relevant to non-default treatment, directed that orders should use the statutory phrase "treated as not being in default" rather than "stay," and reiterated the requirement to give written intimation before adjustment under section 245. en-us Wed, 12 Dec 1979 00:00:00 +0530 Fri, 03 Jun 2011 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9296 The Board concluded that the power to set off refundable amounts under section 245 may be exercised notwithstanding that an assessee has been treated as not in default under section 220(6); the tax liability remains in existence distinct from its enforcement. The Board distinguished prior instructions on abeyance under section 220(7) as not relevant to non-default treatment, directed that orders should use the statutory phrase "treated as not being in default" rather than "stay," and reiterated the requirement to give written intimation before adjustment under section 245. Circulars Income Tax Wed, 12 Dec 1979 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9296