AOs failed to complete Assessment within time limit: Deposited Amounts cannot be retained

Navisite India Private Limited & Anr. Vs CIT (Delhi High Court)

In a case brought before the Delhi High Court, Navisite India Private Limited sought refunds of amounts deposited due to delayed completion of assessment proceedings by the Assessing Officer (AO). The Court’s decision was based on the provisions of the Income Tax Act, 1961, regarding the time limit for completing assessments.

Background: Navisite India Private Limited had made deposits as a pre-condi

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