Assessee Entitled to Tax Refund u/s 240 if Paid Tax Exceeds Chargeable Tax on Reported Income.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Applicability of section 240 - Refund on appeal – Block assessment - the assessee was only entitled to the refund of tax paid in excess of the tax chargeable on the total income returned by the assessee. - SC....