https://www.taxtmi.com/caselaws?id=13874 The court held that the withholding of the refund under Section 241 of the Income-tax Act was unjustified as the reasons provided did not meet the legal threshold for withholding. The court cited precedents to support its decision and directed the respondents to pay the refund amount to the petitioner within two months. Additionally, the court found the reopening of assessment under Section 147 to be unjustified based on insufficient reasons and ordered the refund to be released. The petitioner was entitled to the refund and interest under Section 244A, emphasizing that the mere pendency of an appeal does not warrant withholding the refund. en-us Fri, 06 Aug 1999 00:00:00 +0530 Sat, 04 Jul 2009 16:08:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13874 The court held that the withholding of the refund under Section 241 of the Income-tax Act was unjustified as the reasons provided did not meet the legal threshold for withholding. The court cited precedents to support its decision and directed the respondents to pay the refund amount to the petitioner within two months. Additionally, the court found the reopening of assessment under Section 147 to be unjustified based on insufficient reasons and ordered the refund to be released. The petitioner was entitled to the refund and interest under Section 244A, emphasizing that the mere pendency of an appeal does not warrant withholding the refund. Case-Laws Income Tax Fri, 06 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13874