Allowing the petition the Court held that, while computing amount of tax arrears, Assessing Officer had not considered amount of advance tax paid in assessment year 2002-03. Accordingly the order was set aside and matter was remanded for fresh disposal. (AY. 2015-16)
T.V. Ramanathan (HUF) v. ACIT (2018) 259 Taxman 179 (Mad.) (HC)
S. 237 : Refunds-Refund was adjusted without taking in to consideration amount of advance tax paid-Order was set aside and matter was remanded for fresh disposal.