Knowlarity Communications India Private Limited v. Assistant Commissioner of Income-tax & Anr
|Knowlarity Communications India Private Limited
|Assistant Commissioner of Income-tax & Anr.
|HIGH COURT OF DELHI AT NEW DELHI
|Date of Order
|grant of refund
|Present writ petition has been filed seeking direction to the respondent to grant refund for Assessment Year 2019-20 of Rs.1,61,47,590/- along with interest under Section 244A of the Income Tax Act, 1961. In the present petition, it was averred that the action of the respondent in not granting refund was arbitrary, unreasonable and unjustified. It was further averred that even though the petitioner s case had been selected for scrutiny assessment under Section 143(2) of the Income Tax Act, yet the department was obliged in law to release the refund amount claimed by the assessee pending completion of scrutiny assessment. On the last date of hearing, learned counsel for petitioner had stated that the petitioner was agreeable for adjustment of Rs.48,267/- as proposed by the revenue. Today, learned counsel for respondents-revenue states that the refund of Rs.3,79,837/- for the assessment year 2019-2020 has been released on 22nd June, 2020 and refund of Rs.1,64,75,023/- by deleting the demand for assessment year 2012-2013 has been released from Centralised Processing Centre on 01st July, 2020 and is likely to be credited in petitioner s bank account within five to seven days. Accordingly, present writ petition is disposed of as satisfied. Copy of the order be also forwarded to the learned counsel through e-mail.