Calcutta HC Orders Re-evaluation of Income Tax Refund Claim Because Records Date Back Three Decades

N S United Kaiun Kaisha Limited Vs Union of India & Ors. (Calcutta High Court) The writ petition sought a mandamus directing the Revenue Authorities to refund ₹23,70,801/- in terms of an order dated December 13, 1996, as modified by an order dated July 21, 1997 passed by the Income Tax Appellate Tribunal in appeal against an order under Section 263 of the Income Tax Act, 1961. The petitioner contended that although the Tribunal’s order was carried in reference before the High Court, the reference ultimately fell through in view of the CBDT Circular dated July 11, 2018. Upon dismissal o...