2000 (11) TMI 71 - HC - Income Tax

Summary

The High Court of Madras directed the Central Board of Direct Taxes to refund Rs. 64,540 to the petitioner with interest, as the Board had arbitrarily rejected the petitioner's request for refund. The court quashed the previous order and remitted the matter for fresh consideration, instructing the Board to pass a reasoned order within three months. The decision was based on the case of R. Seshammal v. ITO [1999] 237 ITR 185 and Circular No. 670 dated October 26, 1993.