Refund adjustemnt

This query is : Resolved

P dandekar (Querist)
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26 March 2012 Hello,

We have received REFUND AGJUSTEMNT ADVICE from state bank of india .
As per self assessment we have refund of Rs.11212/- ( assyr- 2005-2006).
As per sbi refund adj - Demand yr-2009-2010 for ass yr(2005-2006) is rs 26315/- & 2010-2011 - 789/- date of adj 25.1.2011.

How do they do it?
What is DEMAND YR & why they do not send us the intimation letter for the same?.
Kindly advice

Thank ®ards
PDandekar

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Guest (Expert)

26 March 2012 For any two assessment years the IT dept can adjust the refund for one year against demand for another year u/s 245. If the AO adjust refund with intimating his intention to do so,it is an illegal action, against which we can appeal.

CA. Hari Kishan

CA. Hari Kishan (Expert)
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26 March 2012 You shall require to visit the concerned ITO of your jurisdiction and shall require to carry a copy of the ROI filed and get the same rectified / verified as per the department records only then will the CPC be able to do anything about the refund.. this has now become a regular feature of the CPC to do so..

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