Refund delay at CPC despite order; Court directs timely refund credit or cheque/pay order with interest to avoid public loss.
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....Refund processing delayed due to technical glitches at Central Processing Center (CPC), despite Assessing Officer's order. Court expressed concern over non-payment of admitted refund resulting in interest payment from public money, causing loss to nation. Directed CPC to credit refund to Petitioner's account by specified date, failing which physical cheque/pay order with interest u/s 244A of Income Tax Act to be issued. Non-compliance viewed as willful disobedience of court order.....
TaxTMI