Refund should be adjusted against the outstanding demand.

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..... rson the Assessing Officer may in lieu of payment of the refund set off the amount to be refunded or any part of that amount against the sum if any, remaining payable under the Act by the person to whom the refund is due after giving an intimation in writing. Further para 49 of Chapter 9 of the Manual of Office Procedure Vol.II Part A stipulates that wherever it is found that tax for some other ye .....

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..... any. Also a record of such instance where arrears were found to be outstanding but refunds have been issued may be maintained so that the impact of this instruction may be studied at a latter date. This may be brought to the notice of all Assessing Officers working in your region. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementind .....

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