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Madras HC Orders Swift Action on Delayed Income Tax Refund to Coda Global LLC
Case Law Details
- Case Name
- Coda Global LLC Vs DCIT (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2021-22
- Courts
- All High Courts, Madras High Court
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Coda Global LLC Vs DCIT (Madras High Court)
Introduction: The Madras High Court has intervened in the case of Coda Global LLC vs. DCIT, addressing the delayed tax refund issue. Initially seeking a mandamus for refund with interest, the petitioner later amended the prayer to focus solely on interest payment.
Detailed Analysis: Coda Global LLC, a Limited Liability Company incorporated in the USA, sold equity shares in India during the financial year 2020-21. Despite the petitioner’s claim for a refund of Rs. 2,19,51,010/-, delays persisted. The Income Tax Department intimated the entitleme...
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