Madras HC Defers Tax Refund Decision Pending SC SLP on Gujarat HC Ruling

Eastman Spinning Mills (P) Ltd. Vs Union of India (Madras High Court) The Madras High Court disposed of petitions concerning an issue covered by the Gujarat High Court’s judgment in Sal Steels Limited. Counsels for the petitioner sought a refund, but the Revenue noted that the Supreme Court had issued notice in an SLP challenging the Sal Steels ruling, without granting a stay. The Revenue also pointed out that the Delhi and Allahabad High Courts had taken a contrary view. Due to the pending SLP, the Revenue requested that any refund be deferred until the Supreme Court’s decision. P...