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2024 (8) TMI 288

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..... the portal has been deleted, but the refund is yet to be made - as stated that once the manual order passed by AO, is successfully accounted at CPC, the amount of refund determined by the AO will be released in accordance with the provisions of the Income Tax Act, 1961- HELD THAT:- As we have observed in many matters, non-payment of admitted refund results in payment of interest to Assessee out of .....

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..... Mr. Suyog Bhave , i / b. PDS Legal , for Petitioner Mr. Suresh Kumar , for Respondents - Revenue ORDER P C : - 1. The prayer in the petition is to direct Respondents to grant refund of Rs.28,10,97,082/- after rectifying a technical error appearing in the portal and delete the demand of Rs.1,20,05,43,648/-. Mr. Sanghavi states that the technical error appearing in the portal has been deleted, but t .....

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..... erest. Efforts should be made to see that public money is not paid as interest and refund is issued promptly. 3. Be that as it may, since it is almost three weeks since the AO has passed the order, we direct the CPC to ensure that the refund is credited to Petitioner s account not later than 9th February 2024, failing which on 13th February 2024 Petitioner shall be handed over a physical cheque/pa .....

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