Income tax refund application to be decided within time, with statutory interest payable if refund is found due

The petition was disposed of with a direction to the Deputy Commissioner of Income Tax to consider and decide the petitioner's application within the stipulated time. If any amount was found refundable, it was to be refunded with statutory interest. The operative effect was a remand for administrative consideration and, where due, consequential refund with interest.

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Outcome: The petition was disposed of with a direction to the Deputy Commissioner of Income Tax to consider and decide the petitioner's application within the stipulated time, and to refund any refundable amount with statutory interest if found due.

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