Punjab & Sind Bank Wins Refund Case: Delhi HC Allows Rs.1.3 Cr Tax Refund

Punjab And Sind Bank Vs ACIT (Delhi High Court)

Introduction: The Delhi High Court’s judgment in the case of Punjab and Sind Bank vs. ACIT brings a significant relief to the bank, allowing the refund of Rs.1.3 crores deposited. This legal analysis explores the grounds for the decision and its implications.

Analysis: The case involved a controversy regarding tax deductions at source for payments made to local authorities. The court referred to a previ

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