https://www.taxtmi.com/caselaws?id=765649 The HC addressed whether a Circular dated 30 March 2022, withholding taxpayer refunds, was unconstitutional. The Court concluded that the Circular was a valid implementation of Section 139AA of the Income Tax Act, 1961, whose constitutionality had been upheld by the SC in previous cases. Consequently, the Court denied interim relief to the Petitioner. The issue of maintainability was left open, as the Petitioner had previously filed a similar petition under Article 32, which was dismissed by the SC. The Petitioner's demat account was defrozen, and the Rule concerning Respondent Nos. 2 and 5 was disposed of. en-us Mon, 03 Feb 2025 00:00:00 +0530 Thu, 06 Feb 2025 08:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765649 The HC addressed whether a Circular dated 30 March 2022, withholding taxpayer refunds, was unconstitutional. The Court concluded that the Circular was a valid implementation of Section 139AA of the Income Tax Act, 1961, whose constitutionality had been upheld by the SC in previous cases. Consequently, the Court denied interim relief to the Petitioner. The issue of maintainability was left open, as the Petitioner had previously filed a similar petition under Article 32, which was dismissed by the SC. The Petitioner's demat account was defrozen, and the Rule concerning Respondent Nos. 2 and 5 was disposed of. Case-Laws Income Tax Mon, 03 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765649