https://www.taxtmi.com/caselaws?id=5079 Recovery of excess profits tax under the Bengal Public Demands Recovery Act, 1913 could proceed, but only on the net amount ultimately found due after completion of the refund enquiry under the Income-tax Act, 1922. Although the excess profits tax assessment had attained finality and pending refund proceedings did not suspend that finality, the correspondence showed that substantial refunds might still be payable to the assessee firm or its partners. Because no effective steps had been taken for years to complete that enquiry, fairness required that the refundable amounts be first ascertained. The Income-tax Officer was directed to complete the refund enquiry within the stipulated time, and the Certificate Officer could recover only the balance, if any. en-us Wed, 18 Jan 1967 00:00:00 +0530 Wed, 19 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5079 Recovery of excess profits tax under the Bengal Public Demands Recovery Act, 1913 could proceed, but only on the net amount ultimately found due after completion of the refund enquiry under the Income-tax Act, 1922. Although the excess profits tax assessment had attained finality and pending refund proceedings did not suspend that finality, the correspondence showed that substantial refunds might still be payable to the assessee firm or its partners. Because no effective steps had been taken for years to complete that enquiry, fairness required that the refundable amounts be first ascertained. The Income-tax Officer was directed to complete the refund enquiry within the stipulated time, and the Certificate Officer could recover only the balance, if any. Case-Laws Income Tax Wed, 18 Jan 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5079