https://www.taxtmi.com/caselaws?id=277664 The court disposed of the writ petition seeking a refund of Rs. 52.0 crores withheld for technical reasons. It noted the revenue's delay due to a merger/amalgamation, emphasizing the need for software upgrades or manual processing. The court acknowledged the interest paid at 6% per annum but highlighted the petitioner's financial loss due to the lower interest rate. Emphasizing timely refunds and software upgrades, the judgment urged the revenue to prevent such situations in the future to avoid legal interventions by taxpayers. The writ petition was disposed of with a warning of potential future costs. en-us Fri, 09 Mar 2018 00:00:00 +0530 Mon, 17 Dec 2018 06:35:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277664 The court disposed of the writ petition seeking a refund of Rs. 52.0 crores withheld for technical reasons. It noted the revenue's delay due to a merger/amalgamation, emphasizing the need for software upgrades or manual processing. The court acknowledged the interest paid at 6% per annum but highlighted the petitioner's financial loss due to the lower interest rate. Emphasizing timely refunds and software upgrades, the judgment urged the revenue to prevent such situations in the future to avoid legal interventions by taxpayers. The writ petition was disposed of with a warning of potential future costs. Case-Laws Indian Laws Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277664