https://www.taxtmi.com/caselaws?id=264378 The Court allowed the petition challenging the revenue's refusal to entertain the application for refund of Tax deducted at source (TDS) by the Reserve Bank of India (RBI) under the Income Tax Act, 1961. Despite a delay beyond six years, the Court considered the revised return filed in 2009 as a valid application for condonation of delay, granting the refund based on the petitioner's entitlement to exemption under Section 10(10C) of the Act. The judgment favored the petitioner, emphasizing substantive entitlement over technical limitations, without any order as to costs. en-us Wed, 15 Jan 2014 00:00:00 +0530 Thu, 24 Sep 2015 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264378 The Court allowed the petition challenging the revenue's refusal to entertain the application for refund of Tax deducted at source (TDS) by the Reserve Bank of India (RBI) under the Income Tax Act, 1961. Despite a delay beyond six years, the Court considered the revised return filed in 2009 as a valid application for condonation of delay, granting the refund based on the petitioner's entitlement to exemption under Section 10(10C) of the Act. The judgment favored the petitioner, emphasizing substantive entitlement over technical limitations, without any order as to costs. Case-Laws Income Tax Wed, 15 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264378