https://www.taxtmi.com/caselaws?id=267737 The court ruled in favor of the petitioner, directing the immediate refund of Rs. 17,08,78,351/- without adjustments against potential future demands. The court rejected the respondent's argument for withholding the refund based on likely demands from pending proceedings, emphasizing the statutory obligation to refund amounts due to the assessee promptly. The judgment denounced the unauthorized retention of the refund and underscored the importance of adhering to refund provisions without prejudice. en-us Thu, 05 Nov 2015 00:00:00 +0530 Fri, 13 Nov 2015 20:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267737 The court ruled in favor of the petitioner, directing the immediate refund of Rs. 17,08,78,351/- without adjustments against potential future demands. The court rejected the respondent's argument for withholding the refund based on likely demands from pending proceedings, emphasizing the statutory obligation to refund amounts due to the assessee promptly. The judgment denounced the unauthorized retention of the refund and underscored the importance of adhering to refund provisions without prejudice. Case-Laws Income Tax Thu, 05 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267737