| Case ID |
ea69e363-0058-45a1-a16a-1a3f7a29b6d8 |
| Body |
View case body. Login to View |
| Case Number |
IT APPEAL NO. 1012 OF 2006 |
| Decision Date |
Jul 04, 2006 |
| Hearing Date |
|
| Decision |
The Tribunal ruled that the assessee was entitled to interest on the refund for the entire period claimed, from April 1, 2002, to July 19, 2004. The court found that the assessee had filed timely returns and addressed all technical objections raised by the department without causing any delays. The decision emphasized the responsibility of the department to not take advantage of the assessee's ignorance regarding their rights under the law. The appeal by the revenue was dismissed, upholding the Tribunal's decision which was found to be reasonable and not perverse, thus not giving rise to any substantial question of law. |
| Summary |
In the case of Director of Income-tax v. Mitsubishi Corporation, the Delhi High Court addressed the issue of interest on refunds under Section 244A of the Income Tax Act, 1961. The case revolved around the timely filing of revised returns by the assessee for the assessment years 2002-03 and 2003-04, claiming refunds for excess taxes withheld at source (TDS). The court highlighted that the assessee had complied with all legal requirements and filed the necessary documents in a timely manner. The Tribunal's acceptance of the assessee's claim for interest on the refund from April 1, 2002, until the refund was granted on July 19, 2004, was upheld. The decision reinforced the principle that the department should not exploit the ignorance of taxpayers regarding their rights and obligations. Overall, this case emphasizes the importance of timely actions by both the taxpayer and the tax authorities in matters of tax refunds and interest claims. |
| Court |
Delhi High Court
|
| Entities Involved |
Not available
|
| Judges |
MADAN B. LOKUR,
VIPIN SANGHI
|
| Lawyers |
Sanjeev Sabharwal
|
| Petitioners |
Mitsubishi Corporation
|
| Respondents |
Director of Income-tax, New Delhi
|
| Citations |
2007 SLD 4082 = (2007) 295 ITR 64,
[2006] 155 TAXMAN 581 (DELHI)
|
| Other Citations |
Not available
|
| Laws Involved |
Income Tax Act, 1961
|
| Sections |
244A
|