The Tax Publishers2020 TaxPub(DT) 4753 (Del-HC)

INCOME TAX ACT, 1961

Section 244A

Where Revenue assured and gave undertaking to the High Court that assessee's request for payment of interest under section 244A would be processed within eight weeks in accordance with law; in view of the same, the undertaking given by Revenue was accepted by the High Court and the Revenue was held bound by the same.

Interest - Interest on refund - Assessee received refund but not interest thereon - Computation of interest

Assessee filed a writ petition seeking grant of refund determined under section 143(1) along with interest under section 244A. During course of hearing, the assessee admitted that it received the refund sought for in the instant petition; however, it was stated that no interest had been paid till date of payment under section 244A. Held: Revenue assured and gave undertaking to the High Court that the assessee's request for payment of interest under section 244A would be processed within eight weeks in accordance with law. Accordingly, the undertaking given by Revenue was accepted by the High Court and the Revenue was held bound by the same.

REFERRED :

FAVOUR : Directions issued

A.Y. : 2017-18 to 2019-20



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