https://www.taxtmi.com/caselaws?id=219653 The petitioner, an Accounts Executive at Infosys, successfully challenged a demand raised by the Deputy Commissioner Income Tax regarding failure to deduct tax at source for stock options allotted to employees. The Income Tax Appellate Tribunal ruled in favor of the petitioner, confirming their entitlement to a refund of the deducted tax amount along with accrued interest. The court directed the department to refund Rs. 1,68,546 to the petitioner within eight weeks and allowed them to apply for interest accrued on the refunded amount. The writ petition was granted with no costs involved. en-us Thu, 01 Nov 2012 00:00:00 +0530 Thu, 20 Dec 2012 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219653 The petitioner, an Accounts Executive at Infosys, successfully challenged a demand raised by the Deputy Commissioner Income Tax regarding failure to deduct tax at source for stock options allotted to employees. The Income Tax Appellate Tribunal ruled in favor of the petitioner, confirming their entitlement to a refund of the deducted tax amount along with accrued interest. The court directed the department to refund Rs. 1,68,546 to the petitioner within eight weeks and allowed them to apply for interest accrued on the refunded amount. The writ petition was granted with no costs involved. Case-Laws Income Tax Thu, 01 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219653