Practising CA
33428 Points
Joined April 2009
The circular will create more problems to most of the assessees in future.
The refunds for AY 2010-11 and AY 2011-12 are being adjusted for unknown demands of past AYs without confirming with the Assessees.
I have a case in which demand of AY 2007-08 has been recovered twice from the Bank Account of assessee.
More interestingly, the demand is still not cleared. The status shows that it is still pending.
It seems that the department will follow such tactics in the coming years also.
The circular shows the inefficiency of the Department. At the first sight it looks assessee friendly , but actually it is not going to be so.