2017 (11) TMI 1748 - HC - Income Tax

Revision petition u/s 264 - refusal to issue refund - Held that - Without going into the merits of the respective contentions we allow the writ petition to be withdrawn with liberty to approach the Commissioner by way of revision petition under Section 264 of the Act. If any revision petition is filed the same would be considered in accordance with law as expeditiously as possible.

Summary

The High Court of Delhi allowed the writ petition to be withdrawn with liberty to approach the Commissioner for revision under Section 264 of the Income Tax Act, 1961. The petitioner sought revision due to the Assessing Officer's refusal to issue a refund, impacting the petitioner company's financial condition. The court directed that any revision petition filed should be considered promptly and in accordance with the law.