Withholding Refund Unjustified without Fulfilling Section 241A Provisions

Myntra Designs Private Limited Vs National Faceless Assessment Centre (Karnataka High Court)

Karnataka High Court held that withholding of refund without satisfying requirements of provisions of section 241A of the Income Tax Act is unsustainable in law. Accordingly, refund along with interest allowed.

Facts-

The petitioner has filed this petition for directions to the Respondents to issue refund of Rs.9,30,46,736/- along with applicable interest u/s. 244A in an expeditious and timely manner. The petitioner mainly contended that the refund was being withheld without affording an opportunity and without recording an opinion as would be required u/s. 241A of the IT Act.

Conclusion-

Please become a Premium member. If you are already a Premium member, login here to access the full content.