No Income Tax Assessment Order Passed After ITAT Remand: Delhi HC directs Refund

Acuity KP Solutions (India) Private Limited Vs DCIT (Delhi High Court) In a significant ruling, the Delhi High Court has directed the tax authorities to accept the income tax return of Acuity KP Solutions (India) Private Limited for the Assessment Year (AY) 2007-08 and issue a refund of ₹67,86,402, along with statutory interest. The court’s decision, delivered in the case of Acuity KP Solutions (India) Private Limited Vs DCIT, stems from the Income Tax Department’s failure to pass a final assessment order following a remand by the Income Tax Appellate Tribunal (ITAT) in 2012. The...