https://www.taxtmi.com/caselaws?id=398420 The court directed the Assessing Officer to grant credit of prepaid taxes amounting to Rs. 74,33,750 and refund under section 244A of the Income Tax Act, 1961 to the petitioner. Despite an outstanding demand under Section 143(1) of the Act, the court accepted the respondent's counsel's statement regarding the rectification application and directed the refund of Rs. 5,89,296 to be credited to the petitioner's account within two weeks. The writ petition was disposed of with these directions for compliance. en-us Thu, 03 Sep 2020 00:00:00 +0530 Tue, 15 Sep 2020 12:38:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398420 The court directed the Assessing Officer to grant credit of prepaid taxes amounting to Rs. 74,33,750 and refund under section 244A of the Income Tax Act, 1961 to the petitioner. Despite an outstanding demand under Section 143(1) of the Act, the court accepted the respondent's counsel's statement regarding the rectification application and directed the refund of Rs. 5,89,296 to be credited to the petitioner's account within two weeks. The writ petition was disposed of with these directions for compliance. Case-Laws Income Tax Thu, 03 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398420