Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2023 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (7) TMI 30 - TELANGANA HIGH COURTMigration of credit for advance tax and tax deducted at source (TDS) post merger - Claim of credit of taxes paid by Polaris in the merged entity of Virtusa - HELD THAT:- Today when the matter is called upon Standing Counsel submits on the basis of written instruction that challan from Polaris to Virtusa has been successfully migrated. Earlier such migration could not be uploaded as manual order could not be uploaded. The migration order finally got uploaded manually on 07.06.2023 and credit for advance tax and TDS was allowed resulting in a refund. Petitioner submits that direction may be issued to the respondents to release the refund to the petitioner in a time-bound manner. Since the basic grievance of the petitioner has been redressed, we are of the view that the consequential refund is required to be remitted to the petitioner at an early date with applicable interest in accordance with law. Let the refund along with applicable interest be remitted to the petitioner within a period of eight weeks from the date of receipt of a copy of this order. This disposes of the writ petition.
|