Texaco Overseas P. Ltd. v. ACIT, Circle 25(1) & Anr
[Citation -2020-LL-0824-12]
| Citation | 2020-LL-0824-12 |
|---|---|
| Appellant Name | Texaco Overseas P. Ltd. |
| Respondent Name | ACIT, Circle 25(1) & Anr. |
| Court | HIGH COURT OF DELHI AT NEW DELHI |
| Relevant Act | Income-tax |
| Date of Order | 24/08/2020 |
| Assessment Year | 2014-15, 2015-16, 2010-11 |
| Judgment | View Judgment |
| Keyword Tags | interest • refund • rectification application |
| Bot Summary: | The petition has been listed before this Bench by the Registry in view of the urgency expressed therein. Present writ petition has been filed seeking refund of Rs. 1,51,110/- and Rs.1,84,730/- determined under Section 143(1) of the Income Tax Act, 1961 for the Assessment Years 2014-15 and W.P. 5592/2020 Page 1 of 2 2015-16 respectively along with interest under Section 244A of the Act, 1961. Petitioner also prays for deletion of demand of Rs.22,44,970/- for Assessment Year 2010-11 in pursuance to the orders dated 25th November, 2016 and 08th December, 2016 passed under Section 143(3)/254/154 of the Act, 1961. Learned counsel for the petitioner states that the respondent cannot refuse refunds determined under Section 143(1) of the Act, 1961 against demands which have subsequently been reduced to Nil. Learned counsel for the petitioner further states that despite rectification applications dated 28th July, 2020, 06th August, 2020 and 11th August, 2020 under Section 154 of Act, 1961, respondents have till date not granted the aforesaid refunds. Mr. Abhishek Maratha, learned counsel accepts notice on behalf of respondents. With the consent of the parties, the present writ petition is disposed of with a direction to the respondents to decide the petitioner s rectification applications dated 28th July, 2020, 06th August, 2020 and 11th August, 2020 under Section 154 of the Act, 1961 within six weeks in accordance with law. |