Issue of refunds - adjustment with outstanding demand - provision of Section 245 of the Income tax Act, 1961.

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....t, 1961. The Central Board of Direct Taxes have issued Instruction Nos. 1952 dated 14.8.98 and 1969 dated 20.8.99, stating that written intimation must invariably be sent to assessee before adjusting his refund with outstanding demand in compliance to provisions of section 245 of the Income-tax Act, 1961. 2. However, it is noticed that in some cases, the prescribed procedure and the requirem....