https://www.taxtmi.com/caselaws?id=16205 The court ruled in favor of the assessee, emphasizing the mandatory nature of section 245 of the Income-tax Act, 1961. It found the adjustments made by the Revenue without prior intimation to be ineffective, totaling approximately Rs. 6 crores. The court granted discretionary relief to the assessee, confirming the interim order and directing the issuance of a final certificate of immunity under the Kar Vivad Samadhan Scheme. The assessee was given liberty to pursue refund or recovery of adjusted amounts in accordance with the law, with no order as to costs. en-us Mon, 28 Jun 1999 00:00:00 +0530 Tue, 01 Sep 2009 17:49:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16205 The court ruled in favor of the assessee, emphasizing the mandatory nature of section 245 of the Income-tax Act, 1961. It found the adjustments made by the Revenue without prior intimation to be ineffective, totaling approximately Rs. 6 crores. The court granted discretionary relief to the assessee, confirming the interim order and directing the issuance of a final certificate of immunity under the Kar Vivad Samadhan Scheme. The assessee was given liberty to pursue refund or recovery of adjusted amounts in accordance with the law, with no order as to costs. Case-Laws Income Tax Mon, 28 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16205