Delhi HC Allows 20% Adjustment of Refund against Income Tax Demand

Infres Methodex Private Limited Vs ACIT (Delhi High Court) In a precedent-setting verdict, the Delhi High Court permitted a 20% adjustment of refund against Income Tax demand in the case of Infres Methodex Private Limited Vs ACIT. The court upheld that the respondents/revenue could adjust the refund due to the petitioner against a demand raised for the Assessment Year (AY) 2017-18, albeit with limitations. The judgement is crucial as it explores the nuanced interpretation of Section 245 of the Income Tax Act, 1961. The petitioner contended that the respondents/revenue adjusted the refund due t...