2026 (8) TMI 1671

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....USTICE RAJNEESH KUMAR GUPTA For the Petitioner Through: Mr. Manish Gupta, Mr. Prateek Gupta, Mr. Sowmya China, Ms. Riya, Mr. Rravi and Mr. Vaishnavi Mishra, Advs. For the Respondents Through: Mr. Indruj Singh Rai, SSC with Mr. Sanjeev Menon, Mr. Rahul Singh, Ms. Priya Sarkar, JSCs, Mr. Gaurav Kumar, Mr. Prateek Bhati, Advs. Mr. Nirdesh Gangwar, Assessing Officer, ACIT, Circle 4(2). ORDER ....

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....il dated 10.08.2026, we find that two demands, for the Assessment Year 2010-11, one under Section 250 and other under Section 154 of the Act of 1961, amounting to Rs. 49,439/- and Rs. 75,950/- respectively are shown pending against the petitioner. We fail to comprehend that while would the respondents withheld the entire refund of Rs. 71,71,049/- for a meagre demand of Rs. 1,25,389/- which has bee....

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....it the remaining amount, subject of course to rival parties right to contend as to whether the amount proposed in intimation under Section 245 of the Act of 1961 can be withheld or not. 7. We, therefore, direct the respondents to credit the amount of Rs. 70,45,660/- within a period of seven days from today. In case, the amount is not credited on or before 05.09.2026, the same shall carry intere....