Processing of statements of tax collected at source

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..... shall be processed in the following manner, namely:- (a) the sums collectible under this Chapter shall be computed after making the following adjustments, namely:- (i) any arithmetical error in the statement; (ii) an incorrect claim, apparent from any information in the statement; (b) the interest, if any, shall be computed on the basis of the sums collectible as computed in the state .....

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..... 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 information in the statement shall mean a claim, on the basis of an entry, in the statement- (i) of an item, which is inconsistent with another entry of the same or some other item in such statement; (ii) in res .....

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