1987 (4) TMI 45 - HC - Income Tax

Summary

The High Court of Punjab and Haryana ruled in favor of Messrs. Hansa Agencies Private Ltd. regarding the refund of income tax for the assessment years 1979-80 and 1981-82. The assessing authority was directed not to withhold the refund due to pending proceedings challenging the annulment of assessments. The judgment was based on a similar case involving Leader Valves Private Ltd.