https://www.taxtmi.com/caselaws?id=308494 The court ruled in favor of the petitioner, an oil corporation, ordering the refund of the full amount claimed of Rs. 306,70,93,992 from the Income Tax department. The court held that the adjustment made by the Respondents without providing mandatory intimation under Section 245 of the Income Tax Act was illegal. Additionally, the court directed Respondent No.2 to provide a personal hearing to the petitioner regarding a separate refund issue and emphasized the importance of complying with the mandatory procedures under the Income Tax Act for adjustments and stays of demand. en-us Tue, 16 Nov 2021 00:00:00 +0530 Thu, 29 Jun 2023 20:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308494 The court ruled in favor of the petitioner, an oil corporation, ordering the refund of the full amount claimed of Rs. 306,70,93,992 from the Income Tax department. The court held that the adjustment made by the Respondents without providing mandatory intimation under Section 245 of the Income Tax Act was illegal. Additionally, the court directed Respondent No.2 to provide a personal hearing to the petitioner regarding a separate refund issue and emphasized the importance of complying with the mandatory procedures under the Income Tax Act for adjustments and stays of demand. Case-Laws Income Tax Tue, 16 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308494