1993 (5) TMI 15 - HC - Income Tax

Summary

The High Court of Madhya Pradesh allowed the petition of an income-tax assessee seeking a refund of tax deposited for assessment years 1971-72 to 1974-75. The court held that assessments for those years were time-barred, and the tax was collected without authority of law. The court directed the Income-tax Department to refund the tax amount to the petitioner. (Case: Gulabchand Motilal v. CIT [1988] 174 ITR 117)