https://www.taxtmi.com/caselaws?id=58599 The Tribunal dismissed the appeal, ruling that the assessee was not entitled to a full refund of Rs. 1,15,967. The tax liability on the returned income remained valid despite the assessment cancellation, with only the excess demand raised by the I.T.O. being considered without legal authority. The decision was grounded in the interpretation of the charging section, the Income-tax Act's scheme, and pertinent judicial precedents. en-us Thu, 12 Jan 1989 00:00:00 +0530 Mon, 20 Dec 2010 17:51:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58599 The Tribunal dismissed the appeal, ruling that the assessee was not entitled to a full refund of Rs. 1,15,967. The tax liability on the returned income remained valid despite the assessment cancellation, with only the excess demand raised by the I.T.O. being considered without legal authority. The decision was grounded in the interpretation of the charging section, the Income-tax Act's scheme, and pertinent judicial precedents. Case-Laws Income Tax Thu, 12 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58599