Amendment of section 245.

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Full Text of the Document

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.... (b) after the words "withhold the refund up to", the words "sixty days from" shall be inserted. - Clause 73 of the Bill seeks to amend section 245 of the Income-tax Act relating to set off and withholding of refunds in certain cases. Sub-section (2) of the said section provides that where a part of the refund is set off under the provisions of sub-section (1), or where no such amoun....