Amendment status not verified — confirm the current text below against the official source.
The assessing authority shall refund to assessee the aino&t 'of t a ~ penalty, iatcrest and fee% if any, paid by such assessee in excess of the mount due from him, either by cash payment or, at tho option of such person, by deduction of such excess from the amount of tax, penalty, interest apd fee due from him in respect of any other period: Prwided that such excess shall first be applied towards the recovery of any mount due in,respect of which a notice under section 8 has been served and thereafter the balance, if any, shall be refunded. 05ioncts