https://www.taxtmi.com/caselaws?id=406806 The HC allowed the writ petition, directing the respondents to refund the amount determined under the intimation dated 17th January 2021, with applicable interest, within four weeks. The court found the respondents failed to comply with the mandatory requirements of Section 245 of the Income Tax Act, lacking proper intimation and reasoned order before adjusting the refund. The court rejected the respondents' argument that interim orders during the COVID-19 pandemic did not apply to ITAT's stay orders, deeming the refund adjustment unsustainable. en-us Tue, 06 Apr 2021 00:00:00 +0530 Mon, 28 Oct 2024 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406806 The HC allowed the writ petition, directing the respondents to refund the amount determined under the intimation dated 17th January 2021, with applicable interest, within four weeks. The court found the respondents failed to comply with the mandatory requirements of Section 245 of the Income Tax Act, lacking proper intimation and reasoned order before adjusting the refund. The court rejected the respondents' argument that interim orders during the COVID-19 pandemic did not apply to ITAT's stay orders, deeming the refund adjustment unsustainable. Case-Laws Income Tax Tue, 06 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406806