https://www.taxtmi.com/caselaws?id=9411 The High Court dismissed the petition seeking a refund of excess tax paid under section 210 of the Income-tax Act, 1961 for the assessment year 1981-82. The court relied on the Supreme Court's decision in CIT v. Shelly Products [2003], which held that the failure to pass a regular assessment order within the stipulated period does not affect the taxpayer's liability. The court emphasized that payment of taxes based on self-assessment is binding, and any excess amount must be refunded to the assessee, in line with constitutional provisions. en-us Wed, 12 May 2004 00:00:00 +0530 Mon, 22 Jun 2009 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9411 The High Court dismissed the petition seeking a refund of excess tax paid under section 210 of the Income-tax Act, 1961 for the assessment year 1981-82. The court relied on the Supreme Court's decision in CIT v. Shelly Products [2003], which held that the failure to pass a regular assessment order within the stipulated period does not affect the taxpayer's liability. The court emphasized that payment of taxes based on self-assessment is binding, and any excess amount must be refunded to the assessee, in line with constitutional provisions. Case-Laws Income Tax Wed, 12 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9411