https://www.taxtmi.com/caselaws?id=774643 The SC dismissed an appeal regarding a refund claim for assessment year 2019-2020 from the Income Tax Department. The refund was rejected on grounds that directing the Income Tax Department to provide refunds was outside jurisdiction. NCLAT had previously held no illegality occurred in the adjudicating authority's order under Section 245 of the Income Tax Act, 1961, considering the waterfall mechanism per Section 53 of IBC. The SC found no grounds for interference and dismissed the appeal. en-us Wed, 07 May 2025 00:00:00 +0530 Sat, 12 Jul 2025 08:40:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774643 The SC dismissed an appeal regarding a refund claim for assessment year 2019-2020 from the Income Tax Department. The refund was rejected on grounds that directing the Income Tax Department to provide refunds was outside jurisdiction. NCLAT had previously held no illegality occurred in the adjudicating authority's order under Section 245 of the Income Tax Act, 1961, considering the waterfall mechanism per Section 53 of IBC. The SC found no grounds for interference and dismissed the appeal. Case-Laws IBC Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774643