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 89 - BOMBAY HIGH COURTEntitlement of refund plus interest u/s 244A - HELD THAT:- As admitted that petitioner made repeated representations to respondents. According to respondent no. 1, there was an outstanding demand of Rs. 266.73 Crores for Assessment Year 2012-2013, 2013-2014, 2014-2015 and 2017-2018 and admittedly, a stay has been granted to petitioner by respondent no. 1 vide an order dated 27th December 2022. By the said order, an adjustment of 20% of the demand against the admitted due refund of Assessment Year 2018-2019 of Rs. 153.80 Crores has been granted and for the balance, stay has been granted till 31st December 2023 or till the disposal of appeal by CIT(A), whichever event occurs earlier. Respondent no. 1 has admitted that even after such an adjustment, petitioner is entitled to receive a sum of Rs. 100.49 Crores being the balance refund for Assessment Year 2018-2019. We direct respondent No. 4, i.e., Director of Income Tax, CPC, to ensure that the refund amount of Rs. 100.49 Crores alongwith interest, if any, in accordance with law, is credited to petitioner’s account within one week from the date this order is uploaded.
|