Where the assessee’s refund for assessment year 2024-25 was adjusted against the outstanding demand for assessment year 2011-12, and the assessee had already paid 15 per cent of the demand and was willing to pay a further 5 per cent in accordance with the CBDT instructions dated 31-7-2017, the High Court held that the adjustment of the refund was to be restricted to 5 per cent of the demand for assessment year 2011-12 and the balance amount of refund was to be refunded to the assessee. (AY. 2024-25).