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2022 (6) TMI 1248 - HC - Income TaxRectification application u/s 154 - Petitioner also seeks direction to refund along with applicable interest thereon, being the deposit of the Petitioner at the time of filing the appeal before the CIT(A) in respect of the Assessment Year 2009-10, which was allowed - as stated by petitioner the tax effect of all these six rectification applications taken together is in excess of Rs.3 crores. and the continued inaction in dealing with these rectification applications has resulted in huge financial resources of the Petitioner remaining locked-up - HELD THAT:- Issue notice. Mr.Sanjay Kumar, learned standing counsel accepts notice on behalf of the Respondent-Revenue. He states that he has no objection if the rectification application and the appeal effect orders are directed to be passed within a time period. Keeping in view the aforesaid as well as the facts mentioned in the present writ petition, this Court disposes of the present writ petition along with pending application with a direction to the Respondent-Revenue to decide the Petitioner’s six rectification applications in accordance with law within eight weeks. The Respondent-Revenue shall also pass the appeal effect orders for the Assessment years 2009-10 and 2012-13 within eight weeks. This Court clarifies that it has not commented on the merits of the controversy. The rights and contentions of all the parties are left open.
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