Mufg Bank, Ltd v. Assistant Commissioner

$-7 IN THE HIGH COURT OF DELHI AT NEW DELHI + W.P. (C) 1891/2020 MUFG BANK, LTD. ..... Petitioner Through: Mr. Nishant Thakkar with Mr.Hiten Chande, Ms.Jasmin Amalsadvala and Mr.Sparsh Bhargava, Advocates. versus ASSISTANT COMMISSIONER OF INCOME TAX & ORS. ...... Respondents Through: Mr. Raghvendra Singh, Advocate for respondents No.1 to 3. Mr. Siddharth Khatana, Advocate for respondent No.4-UOI. CORAM:HON'BLE MR. JUSTICE MANMOHAN HON'BLE MR. JUSTICE SANJEEV NARULA O R D E R02.09.2020 % The petition has been heard by way of video conferencing. Present writ petition has been filed by the petitioner seeking direction to the respondents to issue refund already determined vide order giving effect 08[th] August, 2019 issued by the respondents under the Income Tax Act, 1961. Petitioner also prays for payment of interest. Learned counsel for respondent nos.1 to 3, on instructions, admits that the petitioner is entitled to refund. He undertakes to this Court that the interest amount shall be computed, in accordance with law and the entire amount i.e. principal along with interest shall be credited in the petitioner’s account within two weeks. The undertaking given by learned counsel for respondent nos.1 to 3 is accepted by this Court and the said respondents are held bound by the same. Accordingly, the present writ petition stands disposed of. MANMOHAN, J SEPTEMBER 02, 2020 KA SANJEEV NARULA, J