2022 (8) TMI 1553 - HC - Income Tax

Wait of one year to get the refund - reply has been given to the Petitioner by the ACIT Circle-1 Bhubaneswar that as per law he has to wait till the filing of the return and only then he will get back his refund - HELD THAT - In that view of the matter it is directed that if the Petitioner files a rectification application within one week from today the AO will process the said rectification application and pass appropriate orders thereon within a further period of two weeks thereafter. The refund found already due to the Petitioner will then be paid to the Petitioner within a period of two weeks thereafter.

Summary

The High Court of Orissa directed the Assessing Officer to process a rectification application filed by the Petitioner within one week, and to pay the refund of Rs. 67.5 Lakhs within two weeks after processing the application. The writ petition was disposed of accordingly.