Re: Refund of Assessment Year adjusted with demand of another year which was settled in VSV
The order wherein final demand was settled was passed on 21.12.2020. The Assessee filed Form 1 & 2 for VSV on 29.12.2020. However, refund of another year was adjusted with the outstanding demand vide above mentioned order. The Assessee inadvertently ignoring the amount of refund adjusted made payment of tax disputes under VSV. Please guide on how to take refund from the Income Tax Department. Have visited the Assessing Officer, but no further action from their side.
The assessee may write to the Designated Authority to rectify the tax determined and refund of excess amount paid . In case no response is received within a reasonable time, the only remedy is to file writ before High Court .
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