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2016 (3) TMI 1078 - HC - Income TaxDenial of refunds where scrutiny proceedings have been initiated - Held that:- The Court today has been shown a copy of the communication dated 19th February 2016 addressed to the Petitioner by the Assistant Commissioner of Income Tax – Centralized Processing Center (‘CPC’) Bangalore confirming that the Petitioner’s return for AY 2015-16 has been processed. It is stated that the Petitioner has agreed for the adjustment proposed of ₹ 1.94 crore (Rs. 1.76 crore for AY 2008-09 and ₹ 0.17 crore for AY 2011-12) through the on-line option. Considering that the Petitioner has already been communicated the order of processing of return on 19th February 2016, the Court directs that the refund be issued for AY 2015-16 not later than 28th March 2016. As far as AY 2012-13 is concerned, the deadline of finalization of the assessment order expires on 31st March 2016. The Petitioner has already informed the Assessing Officer (AO) that the Petitioner will be filing an appeal before the Commissioner of Income Tax (Appeals) in the event the assessment order is adverse to it. It is accordingly directed that the refund in respect of AY 2012-13 shall be issued to the Petitioner without unnecessary delay and in any event not later than 10th April 2016. To consider the main issue urged in the writ petition, list for hearing on 11th May 2016.
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