Refund adj

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P dandekar (Querist)
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26 March 2012 Hello

I would like to know how refund adj can be done when there is no tax payable agst any ass yr.

Ex:
we have refund of rs.11212/- ( ass yr 2005-2006) & refund letter recd from SBI
shows amount adj agst demand yr -2009-2010(refund amt-50420/-as per self assessed ) rs.26315 & 2010-2011 rs.789. & we do not have any payable of tax in any ass yrs( from 2005-2006 to 2011-2012) then how do they adjust without giving intimation of refund order.
pl clarify.

Thanks & regards

CA Prashant Gupta

CA Prashant Gupta (Expert)
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26 March 2012 IT department can adjust any demand against the refund of the assessee. if you dont have any tax payable, then prepare a application U/s 154 to Assessing Officer.