Insertion of new section 206CB- Processing of statements of tax collected at source.

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....) Where a statement of tax collection at source or a correction statement has been made by a person collecting any sum (herein referred to as collector) under section 206C (Processing of statements of tax collected at source.), such statement shall be processed in the following manner, namely:- (a) the sums collectible under this Chapter shall be computed after making the following adjustments, n....

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.... (f) the amount of refund due to the collector in pursuance of the determination under clause (d) shall be granted to the collector: Provided that no intimation under this sub-section shall be sent after the expiry of the period of one year from the end of the financial year in which the statement is filed. Explanation.-For the purposes of this sub-section, "an incorrect claim apparent from any ....