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2020 (9) TMI 539 - HC - Income TaxGrant the credit of prepaid taxes on account of TDS and advance tax paid - grant the refund as finally determined after allowing the credit for prepaid taxes along with interest as per section 244A - HELD THAT:- Today as respondent states that the petitioner’s rectification application has been allowed by the AO vide order dated 23rd July, 2020 and a refund has been determined. The issue is now pending before the Centralized Processing Center. Though petitioner states that the demand under Section 143(1) of the Act, 1961 is still showing as outstanding on the Income Tax portal, yet this Court accepts the undertaking/statement made by the learned counsel for the respondents and holds the respondents bound by it. Direct the AO i.e. respondent No.1 to pursue the matter with the Centralized Processing Center and ensure that the refund determined by him is credited to the petitioner’s account within two weeks.
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