Income Tax - Notices Issued by CPC where demand/refund is greater than Rs. 5000
In pursuance of the decision of the full Board, the CPC is allowed to issue refunds without adjustment of demand as an interim measure in cases where either the outstanding demand or refund claim was less than Rs. 5000/-.
Now, Director (Systems) wants the Assessing Officers to perform necessary verification and correction and communicate the findings on adjustable demand to the CPC, Bengaluru.