Withholding of Income Tax refund for issue of section 143(2) is unjustified

Oyo Hotels And Homes Private Limited Vs DCIT (Delhi High Court) Delhi High Court held that withholding of Income Tax refund merely because notice has been issued under section 143(2) of the Income Tax Act is unjustified and bad in law. Facts- The Petitioner filed a ROI for AY 2020-2021 declaring a loss of Rs.16,13,83,22,476/- and claimed a refund of Rs.31,46,26,494/- on account of tax deducted at source under Section 139 of the Income Tax Act, 1961. Pursuant to a de-merger and to give effect to the Scheme of Arrangement, the Petitioner filed a revised return of Income Tax for AY 2020-2021 on 2...