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 4^th October, 2019, even when there was a stay

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