| |
| The Tax Publishers2020 TaxPub(DT) 2984 (Del-HC) INCOME TAX ACT, 1961
Section 154
Competent authority was directed to dispose of assessee's rectification application within six weeks by way of a reasoned order and to allow adjustment of resulting demand against refunds arising in previous and subsequent assessment years, if any, in accordance with law.
|
Rectification under section 154 - Application not disposed within time limit in terms of section 154(8) - Adjustment of resulting demand against refunds arising pursuant to disposal of rectification application -
Instant writ petition was filed seeking a direction to competent authority to dispose of assessee's rectification application for relevant assessment year and to allow adjustment of resulting demand against refunds arising to assessee pursuant to disposal of rectification applications filed for earlier assessment years. Held: Notice was issued and was accepted by revenue's counsel. Keeping in view limited prayer sought in writ petition, Court disposed of same by directing competent authority to dispose of assessee's aforesaid rectification application within six weeks by way of a reasoned order and to allow adjustment of resulting demand against refunds arising in previous and subsequent assessment years, if any, in accordance with law.
REFERRED :
FAVOUR : Instruction issued
A.Y. :
 SUBSCRIBE FOR FULL CONTENT
|