Income tax

200A. (1) Where a statement of tax deduction at source has been made by a person deducting any sum (hereafter referred to in this section as deductor) undersection 200, such statement shall be processed in the following manner, namely:—

              (a)   the sums deductible under this Chapter shall be computed after making the following adjustments, namely:—

         (i)   any arithmetical error in the statement; or

        (ii)   an incorrect claim, apparent from any information in the statement;

              (b)   the interest, if any, shall be computed on the basis of the sums deductible as computed in the statement;

              (c)   the sum payable by, or the amount of refund due to, the deductor shall be determined after adjustment of amount computed under clause (b) against any amount paid under section 200 and section 201, and any amount paid otherwise by way of tax or interest;

              (d)   an intimation shall be prepared or generated and sent to the deductor specifying the sum determined to be payable by, or the amount of refund due to, him under clause (c); and

              (e)   the amount of refund due to the deductor in pursuance of the determination under clause (c) shall be granted to the deductor :