TaxTMI 
TaxTMI 
2019 (9) TMI 923
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....l the date of issue of refund and further, pay compensation for the inordinate delay in granting the refund. 2. The case of the petitioner, in short, is as follows: For the assessment year 1990-1991, the assessment was completed under Section 143(3) r/w 147 of the Income Tax Act, 1961 (for brevity "the IT Act") and a demand was raised for a sum of Rs. 63,23,528/-. The petitioner filed an appeal before the Commissioner of Income Tax (Appeals), Chennai, who in turn vide order dated 03.02.2000 held that a portion of the lands are not liable to tax and the rest should be assessed as Short Term Capital Gains and thus, remitted the matter to the Assessing Officer. The petitioner took up the matter further by way of appeal to the Income Tax Appe....
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....tioner filed a further appeal against the giving effect order dated 29.03.2007 before the Commissioner of Income Tax (Appeals), and the same was allowed in favour of the petitioner vide order dated 26.04.2011. Thereafter, a giving effect order dated 08.06.2011 was passed by the Assessing Officer to the order of the Commissioner of Income Tax (Appeals) dated 26.04.2011, wherein the demand of Rs. 20,49,872/- was reduced to Rs. 5,31,202/-. It is stated that no appeal was filed by the Revenue against the order dated 26.04.2011 passed by the Commissioner of Income Tax (Appeals). Therefore, the issue attained its finality and the Revenue owes an amount of Rs. 15,18,670/- towards excess tax collected, being the difference arising on account of th....
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....ining details of tax credits allowed are not available, which is crucial to arrive at the balance sum to be refunded. In order to mitigate the hardship of the assessee, a request to M/s.Writers Information which is the custodian of our old records to trace out any correspondence or copies of orders etc available, if any, and their reply is awaited. Further, the assessee will also be requested to provide any other papers relating to the impugned issue so that necessary action can be taken up without further loss of time. In this regard, it is assured that the assessee would be paid the refund due to it along with necessary interest at the earliest after obtaining relevant information either from the assessee or from M/s.Writers Informati....