https://www.taxtmi.com/caselaws?id=425854 The court quashed the order under Section 241A of the Income Tax Act, directing a refund of a substantial amount with interest within two weeks. Emphasizing the necessity for detailed justifications for withholding refunds and the importance of judicious discretion by the Assessing Officer, the court highlighted that refunds should not be withheld routinely. The matter was remanded for a fresh order with sufficient reasoning, stressing that assessment proceedings should proceed independently of the court's observations. en-us Thu, 28 Jul 2022 00:00:00 +0530 Mon, 10 Oct 2022 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425854 The court quashed the order under Section 241A of the Income Tax Act, directing a refund of a substantial amount with interest within two weeks. Emphasizing the necessity for detailed justifications for withholding refunds and the importance of judicious discretion by the Assessing Officer, the court highlighted that refunds should not be withheld routinely. The matter was remanded for a fresh order with sufficient reasoning, stressing that assessment proceedings should proceed independently of the court's observations. Case-Laws Income Tax Thu, 28 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425854