Supreme Court Grants Leave for Delayed Refund: Assessee Must File Undertaking

The Supreme Court granted leave for an important question of law, condoning the delay. The assessee can receive a refund without a stay, provided they file an undertaking within four weeks. The hearing is expedited, and parties are directed to complete their pleadings promptly.

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The Supreme Court condoned the delay and granted leave for an important question of law. There is no stay on the refund for the assessee, but they must file an undertaking within four weeks. Hearing is expedited, and parties must complete their pleadings.

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