Refund due to appeal effect prder to ITAT order in case of pvt company whic

This discussion addresses a common query regarding tax refunds for private companies following an ITAT appeal order. Specifically, when a private company's assets are 100% charged to a private bank, the question arises whether the company or the bank should receive the refund. The refund will be credited to the company's bank account, even if that account has been sealed for debits by the bank.