2019 (1) TMI 51

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.....C.: 1. The Petition is filed by the HDFC bank Limited, a banking company. When the Petition was filed, the bank's refund for the assessment year 2010-11 was adjusted in part against the alleged tax dues of the bank principally for the assessment years 2008-09 and 2012-13. The bank pointed out to the Competent Authority that High Court by an order dated 26th April, 2018 has stayed the assessm....

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....ve taken unduly long time to correct the position. 2. We are conscious that the Revenue Authorities are under considerable pressure of work and time limits staring at the face. We also understand that the Government machinery and the Government Officers need to be cautious when the question of large amount of refund arises. Internal checks and verifications must be unbuilt in the system. Neverthe....