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2018 (10) TMI 741

Non disbursal of refund amount - delay in refund - Held that:- Petitioner in all these Petitions would submit that the substantive prayers in the Petitions stand granted and the Petitioner would accept the amounts as disbursed under protest and without prejudice to their legal rights and contentions, particularly to claim interest on delayed refund. - The Writ Petitions are, therefore, dispose .....

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pondent : Mr. Sham V. Walve ORDER P. C.: When these Writ Petitions were placed before us, in terms of our earlier order dated 17th September, 2018, Mr. Walve has taken instructions. On instructions, he has made two statements before us. Firstly, he states that the Respondents had processed the refund and sanctioned them pursuant to the proceedings under the Income Tax Act, 1961. Copies of the rele .....

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fore, disposed off by keeping open the issue and controversy in relation to interest, if any, payable on such delayed refunds. 5 We hope and trust that all pending refund applications are processed in the order in which they are received by the Respondents. If refunds are generated on account of orders of Higher Forums, Authorities and Courts, then, it is the bounden duty of the Revenue to grant s .....

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