https://www.taxtmi.com/caselaws?id=49344 The Supreme Court upheld the High Court's decision that section 49E of the Indian Income-tax Act, 1922 did not assist the appellant in the case. The appellant's argument that a prior adjudication was not necessary for claiming a set-off under section 49E was rejected. The court emphasized the requirement of a pre-existing adjudication in favor of the claimant for set-off eligibility. As the appellant failed to demonstrate a subsisting obligation for payment of the refund as per final orders, the appeal was dismissed without costs awarded. en-us Thu, 10 Dec 1964 00:00:00 +0530 Thu, 21 Aug 2014 08:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49344 The Supreme Court upheld the High Court's decision that section 49E of the Indian Income-tax Act, 1922 did not assist the appellant in the case. The appellant's argument that a prior adjudication was not necessary for claiming a set-off under section 49E was rejected. The court emphasized the requirement of a pre-existing adjudication in favor of the claimant for set-off eligibility. As the appellant failed to demonstrate a subsisting obligation for payment of the refund as per final orders, the appeal was dismissed without costs awarded. Case-Laws Income Tax Thu, 10 Dec 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49344