https://www.taxtmi.com/caselaws?id=205466 The court allowed the writ petition filed by Indglonal Investment & Finance Limited, directing the respondent to process the refund claim of Rs. 5,73,038 deducted as TDS for the assessment year 1994-95 within eight weeks. In contrast, the writ petition filed by Taksal Theaters Private Limited seeking a refund of wealth tax for the assessment year 1999-2000 was dismissed as the intimation under the Wealth-tax Act had attained finality, and no refund was deemed payable. The court underscored the significance of procedural compliance, the statutory authorities' role in refund processing, and the principles of equity and economic justice in refund matters. en-us Fri, 03 Jun 2011 00:00:00 +0530 Sat, 05 May 2012 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205466 The court allowed the writ petition filed by Indglonal Investment & Finance Limited, directing the respondent to process the refund claim of Rs. 5,73,038 deducted as TDS for the assessment year 1994-95 within eight weeks. In contrast, the writ petition filed by Taksal Theaters Private Limited seeking a refund of wealth tax for the assessment year 1999-2000 was dismissed as the intimation under the Wealth-tax Act had attained finality, and no refund was deemed payable. The court underscored the significance of procedural compliance, the statutory authorities' role in refund processing, and the principles of equity and economic justice in refund matters. Case-Laws Income Tax Fri, 03 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205466