Mufg Bank, Ltd v. Assistant Commissioner Of Income Tax & Ors

$-4 IN THE HIGH COURT OF DELHI AT NEW DELHI + W.P. (C) 1888/2020 MUFG BANK, LTD. ..... Petitioner Through: Mr. Nishant Thakkar, Advocate with Mr. Hitesh Chande, Ms. Jasmin Amalsadvala, Mr. Sparsh Bhargava, Advocates. versus ASSISTANT COMMISSIONER OF INCOME TAX & ORS. ...... Respondents Through: Mr. Raghvendra Singh, Advocate for respondents No.1 to 3. Mr. Ravi Prakash, Advocate with Mr. Farman Ali, Mr. Aman Malik and Mr. Mohammad Shahan Ulla, Advocates for respondent No.4. CORAM:HON'BLE MR. JUSTICE MANMOHAN HON'BLE MR. JUSTICE SANJEEV NARULA O R D E R% 02.09.2020 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 rectification order dated 26[th] June, 2019 issued by the respondent 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 petitioners 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. The order be uploaded on the website forthwith. Copy of the order be also forwarded to the learned counsel through e-mail. MANMOHAN, J SEPTEMBER 02, 2020 KA SANJEEV NARULA, J