https://www.taxtmi.com/caselaws?id=193479 The Supreme Court directed the Income Tax Authorities to refund Rs. 192.54 crores to the Custodian with interest. The Assessing Authority was instructed to reframe assessment orders within 12 weeks. The court found Group Issue 235 unfavorable to the appellants. Flats distribution by the Custodian was halted until completion. Status quo orders related to amounts due to banks were vacated, except for Canfina, with the Custodian directed to disburse Rs. 639.09 crores to banks. The appeal was disposed of, resolving all issues comprehensively. en-us Tue, 02 May 2017 00:00:00 +0530 Tue, 01 Aug 2017 10:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193479 The Supreme Court directed the Income Tax Authorities to refund Rs. 192.54 crores to the Custodian with interest. The Assessing Authority was instructed to reframe assessment orders within 12 weeks. The court found Group Issue 235 unfavorable to the appellants. Flats distribution by the Custodian was halted until completion. Status quo orders related to amounts due to banks were vacated, except for Canfina, with the Custodian directed to disburse Rs. 639.09 crores to banks. The appeal was disposed of, resolving all issues comprehensively. Case-Laws Indian Laws Tue, 02 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193479