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2020 (6) TMI 341 - HC - Income TaxSeeking refund of the amount seized during the search proceedings along with interest - Today during the course of hearing, it transpires that the refund voucher for the interest amount given by the respondents at the pain of contempt has been returned unpaid by SBI with the reason, “paper not received” i.e. refund voucher to be presented physically for clearing - HELD THAT:- It is common ground that this activity has to be done in P2F session, but RBI has suspended the said session from 23rd March, 2020 due to Corona outbreak. From the aforesaid, it appears that no refund voucher issued by the Income Tax Department is being honoured by the banks. This is a serious matter as one of the ways the Government of India plans to revive the economy during the present COVID-19 crisis is by issuing tax refunds forthwith. Issue notice without process fee to the Ministry of Finance, Government of India through standing counsel for UOI and Reserve Bank of India. Open to the respondents’ officials to speak to the officials of the Ministry of Finance, Government of India and Reserve Bank of India in a bid to ensure that the refund voucher issued by them is honoured. List on 22nd June, 2020.
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