AY 2020-21.
As per 140B(2)(b) the tax payable as per return has to be arrived after as increased by the amount of refund, if any, issued in respect of such earlier return.
However as per department utility, the refund claimed in the original return whether issued or not is added to tax as per 140B(2)(b) and also 50% additional tax is also asked. This is against the intentions of the Act. Do you agree?
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