https://www.taxtmi.com/caselaws?id=764640 Gujarat HC directed the Assessing Officer to refund Rs. 6.30 crore to the petitioner-assessee, comprising principal amount of Rs. 6,32,16,000 (Rs. 80,00,000 plus Rs. 5,52,16,000 already adjusted for subsequent years). The court held that petitioner was admittedly entitled to this refund amount, subject to enhancement of eligible interest and verification of applicable tax rate. The refund order was subject to final calculation, and the matter was scheduled for further hearing on January 7, 2025. en-us Mon, 23 Dec 2024 00:00:00 +0530 Tue, 14 Jan 2025 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764640 Gujarat HC directed the Assessing Officer to refund Rs. 6.30 crore to the petitioner-assessee, comprising principal amount of Rs. 6,32,16,000 (Rs. 80,00,000 plus Rs. 5,52,16,000 already adjusted for subsequent years). The court held that petitioner was admittedly entitled to this refund amount, subject to enhancement of eligible interest and verification of applicable tax rate. The refund order was subject to final calculation, and the matter was scheduled for further hearing on January 7, 2025. Case-Laws Income Tax Mon, 23 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764640