Orissa HC Directs Income Tax Refund Following Taxpayer’s Successful Appeal

Puri Commercial Co-operative Vs ITO (Orissa High Court) Facts of the Case: By way of instant writ petition, the petitioner has questioned the rejection of refund of the recovered amount during the pendency of the appeal by order dated 22.01.2025 for the assessment year 2016- 17 (corresponding to the financial year 2015-16) The petitioner is a registered Co-operative Society involved in providing credit services exclusively to its members. A reassessment was initiated under Section 147 of the Income Tax Act, with notice under Section 148, for A.Y. 2016–17. The petitioner, registered Co-opera...