Income-tax refund processing delay: HC directed immediate calculation, refund release, and affidavit explaining delayed payment.

The Bombay HC directed the Revenue to complete calculation of the balance refund arising from processing of the assessee's income-tax return and to issue the refund within one week. It also required the Revenue to file an affidavit explaining the delay in granting the refund and the interest already paid.

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Issues: Whether the Revenue should forthwith calculate and release the balance refund and interest arising from the assessee's income-tax return processing, and explain the delay in granting the refund.

Outcome: The Court directed the Revenue to complete the calculation and issue the refund within one week and required an affidavit explaining the delay and the interest paid.

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