Issue of refunds - adjustment with outstanding demand - provision of Section 245 of the Income tax Act, 1961.

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..... 00 Dated: October 20, 2000 Subject :- Issue of refunds - adjustment with outstanding demand - provision of Section 245 of the Income tax Act, 1961. The Central Board of Direct Taxes have issued In .....

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..... rated that in accordance with the provision of section 245 of the Income tax Act, 1961, a written intimation must be sent to assessee before adjusting his refund with outstanding demand. Any lapse in .....

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