2020 (1) TMI 1036

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....Mr. A.N.R. Jayapratap Senior Standing counsel ORDER Heard the learned counsel for the petitioner and learned Senior Standing Counsel for respondent. 2. The Central Board of Direct Tax has issued circular dated 22.12.2006 under Section 119 of the Income Tax Act, 1961 bearing instruction number 13 of 2006. The said circular has modified the then existing circular and has delegated the power....

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....ns:- (a) The refund has arisen as a result of excess tax deducted /collected at source and payments of advance tax under the provision of Chapters XVII-B, XVII-BB and XVII-C respectively and the amount of refund does not exceed Rs. 50,00,000 in respect of CCsIT and Rs. 10,00,000 in respect of CsIT for any one assessment year. (b) The income of the assessee is not assessable in th....