CIT to examine refund claims with due application of mind & issue the same

Ericsson India Pvt. Ltd. Vs ACIT (Delhi High Court) Conclusion: Withholding of refund claims should be examined by the Principal Commissioner of Income Tax with due application of mind and the entire exercise should be completed within the period of six weeks and the case of failure of Officers should transmit the amount including the interest to assessee without awaiting any further orders. Held: Assessee-company was engaged in the business of trading, manufacturing or assembly of telecommunication carrier equipment for sale to independent customers. It was regularly assessed for tax. Assesse...