https://www.taxtmi.com/caselaws?id=25404 Refund of tax could not be withheld merely because proceedings challenging the annulment of the assessment were pending before the HC. Once the assessment for the relevant year was annulled, the assessee became entitled to repayment of the tax deposited, and the pendency of the Revenue's challenge did not by itself justify retention of the amount. Section 241 of the Income-tax Act was not available as a basis to deny the refund in these circumstances. The assessing authority was therefore directed not to withhold the refund. en-us Mon, 13 Apr 1987 00:00:00 +0530 Thu, 28 Jan 2010 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25404 Refund of tax could not be withheld merely because proceedings challenging the annulment of the assessment were pending before the HC. Once the assessment for the relevant year was annulled, the assessee became entitled to repayment of the tax deposited, and the pendency of the Revenue's challenge did not by itself justify retention of the amount. Section 241 of the Income-tax Act was not available as a basis to deny the refund in these circumstances. The assessing authority was therefore directed not to withhold the refund. Case-Laws Income Tax Mon, 13 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25404