Amendment of section 16

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....urnishes a revised return under section 15 after the issue of an intimation, or the grant of refund, if any, under sub-section (1) of this section, the provisions of sub-sections (1) and (1A) of this section shall apply in relation to such revised return and - (i) the intimation already sent for any wealth-tax, additional wealth-tax or interest shall be amended on the basis of the said re....

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.... is - (a) enhanced, only the excess amount of refund due to the assessee shall be paid to him; (b) reduce, the excess amount so refunded shall be deemed to be the tax payable by the assessee and an intimation shall be sent to the assessee specifying the amount so payable, and such intimation shall be deemed to be a notice of demand issued under section 30 and all the provisions o....