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TMI Blog2021 (8) TMI 514X X X X Extracts X X X X X X X X Extracts X X X X ..... ing resolved. It would be expedient that the balance amount of refund be released and paid to the petitioner along with resolution of petitioner s concern over payment of interest within a period of four weeks from today. In the meanwhile, the petitioner would communicate its banker to accept refund communication being sent by the Income Tax Department, since it appears that the petitioner s st ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5 and 2006-07 have not been released. In the reply to the writ petition, it has been referred to that amount of refund to the tune of ₹ 2,73,97,358/- has already been sent to the banker of the assessee out of total refund of ₹ 4.33 Crore on 26th July 2021 and for balance of refund, the matter is being resolved in coordination with CPC, Bangalore. 3 Learned counsel Mr. Walve appearin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ore. And also refers to the communication from petitioner dated 26th July 2021 which shows concern over interest under Section 244A of the Income Tax Act for a period of two years. 4 It, thus, emerges that there is no particular dispute so far as due refunds to the petitioner from respondents and that for Assessment Years 2005-06 and 2007-08 refund has already been released and further that ..... X X X X Extracts X X X X X X X X Extracts X X X X
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