https://www.taxtmi.com/caselaws?id=408925 The Delhi High Court, in a judgment by Hon'ble Mr. Justice Rajiv Shakdher and Hon'ble Mr. Justice Talwant Singh, ruled on the adjustment of a demand against refunds for Assessment Year (AY) 2005-2006. The petitioner's request for the adjustment was granted due to the urgent need for working capital and the obligation to deposit disputed tax under the Direct Tax Vivad se Vishwas Act, 2020. The court directed the assessing officer to adjust the refund for AY 2003-2004 and AY 2004-2005 against the outstanding demand for AY 2005-2006, ensuring prompt remittance to the petitioner. Any other discoverable demands against the petitioner were to be addressed fairly before releasing the refund. en-us Thu, 03 Jun 2021 00:00:00 +0530 Thu, 24 Jun 2021 08:27:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408925 The Delhi High Court, in a judgment by Hon'ble Mr. Justice Rajiv Shakdher and Hon'ble Mr. Justice Talwant Singh, ruled on the adjustment of a demand against refunds for Assessment Year (AY) 2005-2006. The petitioner's request for the adjustment was granted due to the urgent need for working capital and the obligation to deposit disputed tax under the Direct Tax Vivad se Vishwas Act, 2020. The court directed the assessing officer to adjust the refund for AY 2003-2004 and AY 2004-2005 against the outstanding demand for AY 2005-2006, ensuring prompt remittance to the petitioner. Any other discoverable demands against the petitioner were to be addressed fairly before releasing the refund. Case-Laws Income Tax Thu, 03 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408925