https://www.taxtmi.com/caselaws?id=434409 The Court allowed the writ petition, directing the respondents to refund the excess amount deposited by the petitioner within 30 days, along with statutory interest from 01.04.2017 until the date of payment. The Court emphasized that if no assessment order is passed within the prescribed time frame, the revenue has no right to collect tax, and any amount collected must be refunded to the assessee. Legal precedents supported the view that the revenue cannot retain tax amounts collected without a valid assessment order. en-us Tue, 05 Jul 2022 00:00:00 +0530 Thu, 23 Feb 2023 05:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434409 The Court allowed the writ petition, directing the respondents to refund the excess amount deposited by the petitioner within 30 days, along with statutory interest from 01.04.2017 until the date of payment. The Court emphasized that if no assessment order is passed within the prescribed time frame, the revenue has no right to collect tax, and any amount collected must be refunded to the assessee. Legal precedents supported the view that the revenue cannot retain tax amounts collected without a valid assessment order. Case-Laws Income Tax Tue, 05 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434409