https://www.taxtmi.com/caselaws?id=21667 The High Court of Kerala allowed the original petition, directing the Revenue to settle accounts and dismissing the Revenue's appeal. The court upheld its jurisdiction to entertain the petition, emphasizing the firm's right to seek a refund of the deposited amount. It ruled that the firm could claim liabilities before depositing, entitling it to seek a refund of any excess. The court also mandated settling the firm's liabilities before any appropriation by the Revenue, affirming the original decision in favor of the respondent firm. en-us Fri, 10 Jan 1992 00:00:00 +0530 Thu, 26 Nov 2009 15:39:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21667 The High Court of Kerala allowed the original petition, directing the Revenue to settle accounts and dismissing the Revenue's appeal. The court upheld its jurisdiction to entertain the petition, emphasizing the firm's right to seek a refund of the deposited amount. It ruled that the firm could claim liabilities before depositing, entitling it to seek a refund of any excess. The court also mandated settling the firm's liabilities before any appropriation by the Revenue, affirming the original decision in favor of the respondent firm. Case-Laws Income Tax Fri, 10 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21667