One of my Client had filled return for AY-2009-10 on due date, but IT Dept had raised a Demand Notice for RS. 30800/- on 28-11-2010 reason was some of TDS entries did not matched with IT record. But my client was not aware of this notice till aug-2014. In between Assessment years IT department had adjusted this demand against refund of subsequent AY as bellow.
Ay-2011-12 Rs. 7180/-, AY-2012-13 Rs. 12-13 Rs. 29760/- , AY-2013-14 Rs/ 16140/- total refund adjusted till Aug’2014 was Rs. 55470/-
On 27-July-2015 IT department once again raise a notice u/s 245 to adjusted refund for AY – 2014-15 for Rs. 32220/-
I can’t understand how much amount will be adjusted by IT department against mere Rs. 30800/- where as total interest for 46 months on Rs. 30800/- is just Rs. 21252/- so total demand (30800+21252= 52052/-) where as they had already collected Rs. 55470/- and one more for AY-2014-15.
Anybody can help to out come from this dilemma.
CAclubindia
