Delay in Tax refund: HC Restrains authorities from declaring company as defaulter under SVLDR Scheme

SEW Infrastructure Limited Vs Director General of GST Intelligence DGGI (Telangana High Court) Conclusion: The respective authorities was restrained from declaring Company as a defaulter under the SVLDR Scheme and from from taking any coercive action against the Directors, Officials of company as the Income Tax department did not release the refund due to assessee and therefore, assessee could not pay the amount determined by the Designated Committee under the SVLDRS. Read SC Judgment in this case: SC Dismisses Appeal Due to Delay; Income Tax Refund Cannot Be Set Off Against Service Tax Dues ...