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Delhi HC Allows 20% Adjustment of Refund against Income Tax Demand
Case Law Details
- Case Name
- Infres Methodex Private Limited Vs ACIT (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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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...
