Bring Some Order & Discipline in Granting Refunds: Bombay HC directs CBDT

Sicom Ltd Vs DCIT (Bombay High Court) When these Writ Petitions were placed before us, in terms of our earlier order dated 17th September, 2018, Mr. Walve has taken instructions. On instructions, he has made two statements before us. Firstly, he states that the Respondents had processed the refund and sanctioned them pursuant to the proceedings under the Income Tax Act, 1961. Copies of the relevant orders passed under Section 154 of the I. T. Act are taken on record and marked “X” for identification. 2 On our query, as to whether the amount has been disbursed or not, Mr. Walve has spoke...