HC directs ACIT to grant credit of tax challans & to pass a rectification order

PTC India Financial Services Limited Vs ACIT (Delhi High Court) Present writ petitions have been filed seeking directions to the Respondents to grant credit of tax challans and to pass a rectification order for the assessment year 2016-17 and accordingly refund the excess amounts recovered from the petitioner along with interest. Learned Counsel for the Petitioner states that the respondents have not granted credit of tax challan of Rs.13,34,88,012/- for the assessment year 2016-17 and Rs.18,94,91,010/- for the assessment year 2017-18 already paid. She states that while the rectification appli...