https://www.taxtmi.com/circulars?id=10431 The Assessing Officer may set off a refund, in lieu of payment, against sums payable by the person after written intimation under Section 245; office procedure directs adjustment of refunds against outstanding demands for other years. The Board allows refunds of Rs. 5000 or less (including consolidated refunds across years) to be issued without prior verification, subject to later verification, recovery action if arrears are found, and maintenance of records of such instances. en-us Thu, 29 Sep 1994 00:00:00 +0530 Tue, 14 Jun 2011 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10431 The Assessing Officer may set off a refund, in lieu of payment, against sums payable by the person after written intimation under Section 245; office procedure directs adjustment of refunds against outstanding demands for other years. The Board allows refunds of Rs. 5000 or less (including consolidated refunds across years) to be issued without prior verification, subject to later verification, recovery action if arrears are found, and maintenance of records of such instances. Circulars Income Tax Thu, 29 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10431