1999 (4) TMI 587

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..... brief undisputed facts are that an amount of Rs. 10,43,511 for the assessment year 1993-94 was due from the department to the petitioner-company, which has been refunded in instalments and finally a balance of Rs. 4,30,000 is to be paid which has been withheld. 2.. The only stand taken by the respondent to withhold the refund is, that another company is in arrears of tax and the managing director .....

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..... director of the third company will not make the petitioner-company liable for payment of the amount due towards arrears of tax of the third company. 5.. Thus, in the totality of circumstances, the ground on which the money was withheld cannot be sustained. The respondent-authorities are directed to refund the amount due to the petitioner with interest within two months, in accordance with law. Th .....

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