Court accepts respondent's undertaking to process interest payment request within 8 weeks under Income Tax Act.

The court accepted the respondent's counsel's undertaking to process the petitioner's request for interest payment within eight weeks. Consequently, the writ petition seeking the release of refunds under Section 143(1) of the Income Tax Act for specific Assessment Years was disposed of. The court held the respondent bound by the undertaking and directed immediate uploading of the order on the website and email distribution to the respective counsels.

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Issues:
Grant of refund under Section 143(1) of the Income Tax Act, 1961 for Assessment Years 2017-2018, 2018-19, and 2019-20 along with interest under Section 244A of the Act.

Analysis:
The petitioner, Mr. Mukesh Gupta, Advocate, filed a writ petition seeking the release of refunds determined under Section 143(1) of the Income Tax Act for the mentioned Assessment Years. It was alleged that the respondent, Mr. Ruchir Bhatia, had not released the refunds as required by Section 143(1)(e) of the Act without providing any reasons for the delay.

During the proceedings, it was noted that the petitioner had received the refund sought in the petition, but interest under Section 244A of the Act had not been paid up to the date of payment. The learned counsel for the respondent assured the court that the petitioner's request for interest payment would be processed within eight weeks in compliance with the law.

The court accepted the undertaking given by the respondent's counsel, holding the respondent bound by the same. Consequently, the writ petition was disposed of, and it was directed that the order be uploaded on the website immediately, with a copy forwarded to the respective counsels via email.

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