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CBDT instruction No. 1936

Started by ketanvyas1975, May 16, 2014, 01:53:08 PM

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ketanvyas1975

There is CBDT instruction No. 1936 F.No. 404/62/95-ITCC dated 21-03-1996 wherein CBDT instructed that payments of taxes made by the assesse should be first adjusted against the tax due and thereafter against interest u/s 220(2).

Is the instruction still valid? or there is any change in law thereafter?