Income Tax refund cannot be withheld without assigning any reason
Last updated: 11 August 2021
Court :
Calcutta High Court
Brief :
In Mcnally Bharat Engineering Company Limited and Anr. V Assistant Commissioner of The Income Tax, Circle 1(1) Kolkata And 6 Others [WPO 80 of 2020 decided on August 8, 2021], Mcnally Bharat Engineering Company Limited ('the Petitioner') filed a writ petition seeking refund of Rs. 20,14,56,936/- from Assistant Commissioner of The Income Tax ('the Respondent') who withheld the refund determined under Section 143(1) of the Income Tax Act, 1961 ('the IT Act') of the Petitioner for assessment year 2018-19 computed in accordance with provisions of Section 244A of the IT Act.
Citation :
Mcnally Bharat Engineering Company Limited and Anr. V Assistant Commissioner of The Income Tax, Circle 1(1) Kolkata And 6 Others [WPO 80 of 2020 decided on August 8, 2021]
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Bimal Jain
Published in Income Tax
Views : 139
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