https://www.taxtmi.com/caselaws?id=434770 The court allowed the writ petition, directing the adjustment of the amount deposited by the petitioner under the Scheme, 2016, in future assessments. The court rejected the petitioner's prayer for interest on the retained amount, citing the petitioner's conduct and non-compliance with statutory obligations under Section 139 of the Income Tax Act, 1961. The court concluded that retaining the amount without authority would be arbitrary and unconstitutional. Both judges, S.N. Prasad and S. Chand, concurred with the judgment and the directions issued. en-us Mon, 27 Feb 2023 00:00:00 +0530 Fri, 03 Mar 2023 08:39:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434770 The court allowed the writ petition, directing the adjustment of the amount deposited by the petitioner under the Scheme, 2016, in future assessments. The court rejected the petitioner's prayer for interest on the retained amount, citing the petitioner's conduct and non-compliance with statutory obligations under Section 139 of the Income Tax Act, 1961. The court concluded that retaining the amount without authority would be arbitrary and unconstitutional. Both judges, S.N. Prasad and S. Chand, concurred with the judgment and the directions issued. Case-Laws Income Tax Mon, 27 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434770