2020 (11) TMI 781 - HC - Income Tax

Seeking directions to the respondents to release the refund - HELD THAT - As revenue states that as rectification orders have already been passed, even the refund of ₹ 97 lakhs for the Assessment Year 2011-2012 along with interest shall be paid to the petitioner within four weeks. The statement made by Mr. Raghvendra Singh, learned senior standing counsel is accepted by this Court and present writ petition is disposed of as satisfied.

Summary

The Delhi High Court allowed the exemption application in the case W.P.(C) 8525/2020. The petitioner sought refunds of Rs. 3.98 lakhs for the Assessment Year 2010-2011 and Rs. 97 lakhs for the Assessment Year 2011-2012, which have been granted. The court accepted the statement from the Revenue's senior standing counsel that the remaining refund will be paid within four weeks. The petition was disposed of as satisfied, and the order was to be uploaded on the website and forwarded to the petitioner's counsel via email.