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....;w.e.f. 01-04-1989 before it was read as, "Power to withhold refund in certain cases 241 Where an order giving rise to a refund is the subject-matter of an appeal or further proceeding or where any other proceeding under this Act is pending, and the 1[Assessing] Officer is of the opinion that the grant of the refund is likely to adversely affect the revenue, the Income-tax Officer may, wi....