INCOME TAX : Where order was passed under section 245 for adjustment of refund in excess of 20 per cent of disputed outstanding demand but it did not give any special/particular reasons as to why amount in excess of 20 per cent was recovered from assessee, since said order was contrary to Instruction No. 1914, dated 21-3-1996 which stipulates pre-deposit of only 20 per cent of disputed demand, Asstt. Commissioner was directed to refund amount adjusted in excess of 20 per cent of disputed demandINCOME TAX : Where order was passed under section 245 for adjustment of refund in excess of 20 per cent of disputed outstanding demand but it did not give any special/particular reasons as to why amount in excess of 20 per cent was recovered from assessee, since said order was contrary to Instruction No. 1914, dated 21-3-1996 which stipulates pre-deposit of only 20 per cent of disputed demand, Asstt. Commissioner was directed to refund amount adjusted in excess of 20 per cent of disputed demandwww.taxmann.com Latest Case LawsRead More