https://www.taxtmi.com/caselaws?id=244354 Section 240 of the Income-tax Act, 1961 was considered in the context of block assessment proceedings under Chapter XIV-B, with the related question whether taxes paid under a block return were refundable under Section 158BH. The issue was confined to the notice-backed question, and the Court treated it as settled in light of Shelly Products. On that basis, the statutory refund provision was applied in the manner urged by the Revenue, and the contrary view taken by the High Court was rejected; the question was answered in favour of the Revenue. en-us Fri, 07 Feb 2014 00:00:00 +0530 Mon, 24 Feb 2014 08:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244354 Section 240 of the Income-tax Act, 1961 was considered in the context of block assessment proceedings under Chapter XIV-B, with the related question whether taxes paid under a block return were refundable under Section 158BH. The issue was confined to the notice-backed question, and the Court treated it as settled in light of Shelly Products. On that basis, the statutory refund provision was applied in the manner urged by the Revenue, and the contrary view taken by the High Court was rejected; the question was answered in favour of the Revenue. Case-Laws Income Tax Fri, 07 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244354