Madras HC Orders Swift Action on Delayed Income Tax Refund to Coda Global LLC

Coda Global LLC Vs DCIT (Madras High Court) Introduction: The Madras High Court has intervened in the case of Coda Global LLC vs. DCIT, addressing the delayed tax refund issue. Initially seeking a mandamus for refund with interest, the petitioner later amended the prayer to focus solely on interest payment. Detailed Analysis: Coda Global LLC, a Limited Liability Company incorporated in the USA, sold equity shares in India during the financial year 2020-21. Despite the petitioner’s claim for a refund of Rs. 2,19,51,010/-, delays persisted. The Income Tax Department intimated the entitleme...