https://www.taxtmi.com/caselaws?id=784231 Where an assessee had already deposited 20% of the disputed tax while filing statutory appeals and stay applications were pending/operating for relevant assessment years, the department could not adjust refunds payable to the assessee by ignoring such deposit and thereby deny release of the refund. Relying on its earlier ruling, the HC held that, once refund had been sanctioned for certain years and the statutory pre-deposit had been made in respect of the disputed demand, the assessee was entitled to release of the refund with statutory interest. The HC directed the revenue to refund the amounts sought, together with applicable interest, within the stipulated period. en-us Wed, 17 Dec 2025 00:00:00 +0530 Wed, 31 Dec 2025 09:17:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784231 Where an assessee had already deposited 20% of the disputed tax while filing statutory appeals and stay applications were pending/operating for relevant assessment years, the department could not adjust refunds payable to the assessee by ignoring such deposit and thereby deny release of the refund. Relying on its earlier ruling, the HC held that, once refund had been sanctioned for certain years and the statutory pre-deposit had been made in respect of the disputed demand, the assessee was entitled to release of the refund with statutory interest. The HC directed the revenue to refund the amounts sought, together with applicable interest, within the stipulated period. Case-Laws Income Tax Wed, 17 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784231