Dept undertakes to pay Income Tax refund to petitioner

Hyosung Corporation Vs Union of India & Ors. (Delhi High Court) Learned counsel for the Department states that the petitioner has filed a rectification application in which a prayer for up-to-date interest has also been made. He assures and undertakes to this Court that the petitioner’s rectification application shall be decided within two weeks and up-to-date interest, in accordance with law, shall be paid to the petitioner. The statement/undertaking given by learned counsel for the respondents, on instructions of the Assessing Officer, is accepted by this Court and the respondents are ...