Bombay HC Orders Income Tax Refund Deposit | PCIT Vs Shahaji Bhad

PCIT Vs Shahaji Bhanudas Bhad (Bombay High Court)

Bombay HC Orders Deposit of Income Tax Refund with Prothonotary and Senior Master

The recent ruling by the Bombay High Court in the case of PCIT Vs Shahaji Bhanudas Bhad sheds light on the intricacies of Income Tax refund management. Let’s delve into the details of this significant legal development.

• Interim Applications and ITAT Order Stay: The interim applications sought a stay on the order issued by the Income Tax Appellate Tribunal (ITAT) regarding the grant of a refund. Concerns were raised about the accumulation of interest against the Department and the potential use of public funds to pay interest.

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