https://www.taxtmi.com/caselaws?id=9506 The High Court ruled in favor of the assessee, affirming the Tribunal's decision to refund the advance tax paid. The judgment emphasized the importance of fairness and justice in tax matters, stating that withholding advance tax when no tax is due would lead to unjust enrichment for the Revenue. The Court held that the assessee was entitled to a refund of the excess amount deposited due to the accepted income declaration and the termination of proceedings without assessable income. en-us Mon, 23 May 2005 00:00:00 +0530 Tue, 23 Jun 2009 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9506 The High Court ruled in favor of the assessee, affirming the Tribunal's decision to refund the advance tax paid. The judgment emphasized the importance of fairness and justice in tax matters, stating that withholding advance tax when no tax is due would lead to unjust enrichment for the Revenue. The Court held that the assessee was entitled to a refund of the excess amount deposited due to the accepted income declaration and the termination of proceedings without assessable income. Case-Laws Income Tax Mon, 23 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9506