ITAT Ensures Proper Verification Before Granting Tax Refund

DCIT Vs Maruti Suzuki India Ltd. (ITAT Delhi) Incorrect Tax Credit Figure-  Refund Dispute Reopened: ITAT Sends Maruti Suzuki Tax Credit Issue Back for Verification Revenue appealed against the order of CIT(A)  arising from order passed u/s 254/250/143(3) dated 27.01.2012. Assessee, engaged in manufacturing cars under the brand Maruti Suzuki, had originally filed return declaring income of Rs.671.46 crores which was revised to Rs.668.42 crores. Assessment u/s 143(3) was completed at Rs.820.47 crores &  went through several rounds of litigation. After Tribunal’s order dated 29.10.2010,...