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2016 (3) TMI 1080 - HC - Income TaxRefund seeked - Held that:- As the Petitioner informs the Court that the Assessing Officer (‘AO’) has issued a draft assessment order for the AY 2014-15 making an addition of ₹ 3 crores to the total income of the Assessee. It is stated that since the Petitioner is keen on having the refund issued, it proposes to challenge the final assessment order before the Commissioner of Income Tax (Appeals) and would be making a statement to that effect before the AO by the Petitioner to enable the AO to issue the final assessment order. Learned Senior Standing counsel for the Department, states that if a statement to the above effect is made by the Petitioner before the AO then the final assessment order will be passed soon thereafter and the refund issued not later than 30 days after the passing of the final assessment order.
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