146. Entitlement to refund.-

CHAPTER XVIII
REFUNDS

146.  Entitlement  to  refund.- 

(1)  A  person,  who  satisfies  the  Deputy Commissioner  of  Taxes  or  other  authority  appointed  by  the  Government  in this behalf that the amount of tax paid by him or on his behalf, or treated as paid by him or on his behalf, for any year exceeds the amount with which he is properly chargeable under this Ordinance for that year, shall be entitled to a refund of any such excess.

(2) Where the income of the person is included under any provision of this Ordinance in the total income  of  any  other  person, such  other  person  alone shall be entitled to a refund under this chapter in respect of such income.

147. Claim of refund for deceased or disabled persons.-

147. Claim of refund for deceased or disabled persons.- 

Where through death, incapacity, insolvency, liquidation or other cause, a person, is unable to claim or  receive  any  refund  due  to  him,  his  legal  representative,  or  the  trustee, guardian or receiver, as the case may be, shall be entitled to claim or receive such refund for the benefit of such person or his estate.

148. Correctness of assessment, etc., not to be questioned.-

148.  correctness  of  assessment,  etc.,  not  to  be  questioned.- 

In  any  claim  for refund under this chapter, it shall not be open to the claimant to question the correctness or validity of any assessment or other matter which has become final and conclusive or to ask for a review of the same, and the claimant shall not be entitled to any relief on any such issue raised except refund of the tax paid in excess.

149. Refund on the basis of orders in appeal.-

149. Refund on the basis of orders in appeal.- 

Where, as a result of any order passed  in  appeal  or  other  proceeding  under  this  Ordinance,  refund  of  any amount becomes due to an assessee, the Deputy Commissioner of Taxes shall, ¹[refund the amount, unless set off against tax or treated as payment of tax as per provisions of section 152,] to ²[the assessee, ³[within sixty days] from the date  on  which the  refund has  become  due]  without his  having  to  make  any claim in that behalf.

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¹Subs. for "except as otherwise provided in this Ordinance, refund the amount" by F.A. 1995
²Subs. for "the assessee" by F.A. 1992 re-subs. for "within thirty days" by F.A. 1996
³Subs. for the words "within thirty days" by F.A. 1996

150. Form of claim and limitation.-

150. Form of claim and limitation.- 

(1) Every claim for refund ¹[under sections 146 and 147] shall be made  in such form and verified in such manner as may be prescribed.

²[(2)]No claim for refund ²[ under sections 146 and 147] shall be allowed unless it is made within, two years from the date of service of the demand notice which relates to the refund]

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¹Subs. for the words "under this chapter" by F.A. 1997
²Omitted by F. A. 2002

151. Interest on delayed refund.--

151. Interest on delayed refund.- 

Where a refund due to an assessee is not paid within  two  months  of  the date  of  the ¹[relevant assessment order or] ²[claim  for  refund,  or  refund becoming  due  consequent  upon  any  order  passed  in  appeal  or  other proceeding under this Ordinance] interest at the rate of ³[seven and a half percent] per annum shall be payable to the assessee on the amount of refund from the month following the said two months to the date of issue of the refund.

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¹ Omitted by F. A. 1995

²Ins. by F.A. 1996
³Subs. for "ten per cent." by F.A. 1995
 

152. Adjustment of refund against tax.-

152.  Adjustment  of  refund  against  tax.-

Where,  under  the  provisions  of  this Ordinance,  the  Income-tax  Act,1922  (XI  of  1922),  the  Gift-tax  Act,  1963 (XIV  of  1963),  or  the  Wealth-tax  Act,1963  (XV  of  1963),  any  refund  or repayment  is  found  to  be  due  to  any  person,  the  amount  to  be  refunded  or repaid  or  any  part  thereof  may  be  set  off  against  the  tax,  payable  by  that person  under  this  Ordinance  ¹[or  treated,  at  the  option  in  writing  of  that person, as payment of tax payable under section 64 or section 74 thereof.]

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¹Ins by F.A. 1992