Demand cannot be enforced by Revenue if refunds are due & substantial issues are covered in favour of Taxpayer

Samsung India Electronics Pvt. Ltd. Vs Additional CIT National E-Assessment Centre (ITAT Delhi) From the report of the Assessing Officer as well as the clarification given by the ld. counsel it is seen that there are a huge refunds which are due to the assessee and as per the report of the Assessing Officer, substantial refund has been adjusted against the demand for Assessment Year 2010-11 for which already favourable order has been passed by this Tribunal order dated 4th October, 2019, even when there was a stay on collection of tax during the pendency of the appeal. Looking to the entirety ...