Where under any of the provisions of this Act, a refund is found to be due to any person, the 1 Assessing Officer, 2 Deputy Commissioner (Appeals) 3, or the Commissioner (Appeals) or Commissioner or 4 5 Principal Chief Commissioner or Chief Commissioner or 6 Principal Commissioner or Commissioner, as the case may be, may, in lieu of payment of the refund, set off the amount to be refunded or any part of that amount, against the sum, if any, remaining payable under this Act by the person to whom the refund is due, after giving an intimation in writing to such person of the action proposed to be taken under this section.
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1. Subs. by Act 4 of 1988, s. 2, for "Income-tax Officer" (w.e.f. 1-4-1988)./BR
2. Subs. by s. 2, ibid., "Appellate Assistant Commissioner" (w.e.f.
1-4-1988)./BR 3. Ins. by Act 29 of 1977, s. 39 and the Fifth Schedule (w.e.f.
10-7-1978).
4. Subs. by Act 4 of 1988, s. 2, for "Commissioner" (w.e.f. 1-4-1988).
5. Subs. by Act 25 of 2014, s. 4, for "Chief Commissioner" (w.e.f. 1-6-2013).
6. Subs. by s. 4, ibid., for "Commissioner" (w.e.f. 1-6-2013).
Section 236 Relief to company in respect of dividend paid out of past taxed profits
Section 236a Relief to certain charitable institutions or funds in respect of certain dividends
Section 238 Person entitled to claim refund in certain special cases
Section 239 Form of claim for refund and limitation
Section 240 Refund on appeal, etc
Section 241A Withholding of refund in certain cases
Section 242 Correctness of assessment not to be questioned
Section 243 Interest on delayed refunds
Section 244 Interest on refund where no claim is needed
Section 244A Interest on refunds
Section 245 Set off of refunds against tax remaining payable