https://www.taxtmi.com/caselaws?id=397383 The court directed the respondents to reconsider the application of Section 241A of the Income Tax Act and issue a fresh order within six weeks. If reassessment was not completed in time, the refund amount along with interest was to be transmitted to the petitioner. The court emphasized prompt communication of reasons for withholding the refund and granted relief to the petitioner regarding the refund of income tax. The judgment underscored that reasons for withholding the refund under Section 241A should not impede the Assessing Officer from framing the assessment under Section 143(3) of the Act. en-us Thu, 13 Aug 2020 00:00:00 +0530 Thu, 24 Dec 2020 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397383 The court directed the respondents to reconsider the application of Section 241A of the Income Tax Act and issue a fresh order within six weeks. If reassessment was not completed in time, the refund amount along with interest was to be transmitted to the petitioner. The court emphasized prompt communication of reasons for withholding the refund and granted relief to the petitioner regarding the refund of income tax. The judgment underscored that reasons for withholding the refund under Section 241A should not impede the Assessing Officer from framing the assessment under Section 143(3) of the Act. Case-Laws Income Tax Thu, 13 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397383