https://www.taxtmi.com/caselaws?id=296873 An admitted refund from earlier assessment years, together with interest, had to be considered for adjustment before a fresh assessment for the later year, because the statutory scheme allowed excess tax paid to be refunded or set off and also provided interest on delayed refund. The remission provision could be invoked only on recorded reasons, so the remission application had to be decided first. Until the refund adjustment, remission claim, and fresh assessment were completed, the demand notice could not be acted upon. en-us Wed, 03 Feb 2016 00:00:00 +0530 Mon, 09 Aug 2021 20:38:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296873 An admitted refund from earlier assessment years, together with interest, had to be considered for adjustment before a fresh assessment for the later year, because the statutory scheme allowed excess tax paid to be refunded or set off and also provided interest on delayed refund. The remission provision could be invoked only on recorded reasons, so the remission application had to be decided first. Until the refund adjustment, remission claim, and fresh assessment were completed, the demand notice could not be acted upon. Case-Laws Indian Laws Wed, 03 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296873