https://www.taxtmi.com/caselaws?id=372886 The High Court addressed the issue of adjusting a banking company's tax refund against alleged tax dues for specific assessment years. Due to delays in processing refunds and correcting positions by Revenue Authorities, the petitioner's grievances were resolved. The judges recognized the need for caution in handling large refund amounts but emphasized that officers should not cause unnecessary delays. Despite concerns, the explanation and apology provided by the Deputy Commissioner of Income Tax led the judges to close the issue without further orders or observations, disposing of the petition accordingly. en-us Thu, 22 Nov 2018 00:00:00 +0530 Wed, 02 Jan 2019 11:03:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372886 The High Court addressed the issue of adjusting a banking company's tax refund against alleged tax dues for specific assessment years. Due to delays in processing refunds and correcting positions by Revenue Authorities, the petitioner's grievances were resolved. The judges recognized the need for caution in handling large refund amounts but emphasized that officers should not cause unnecessary delays. Despite concerns, the explanation and apology provided by the Deputy Commissioner of Income Tax led the judges to close the issue without further orders or observations, disposing of the petition accordingly. Case-Laws Income Tax Thu, 22 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372886