Delay occurred by Income Tax Dept to Refund Tax even After Assessee Requested to Enable SWIFT code and IBAN: Madras HC directs to Refund Within 2 Months [Read Order]

The Court viewed that the petitioner endeavoured to input the SWIFT code and IBAN in April 2022 and the petitioner is entitled to interest for the period from 01.05.2022 until the date of receipt of refund
By Yogitha S. Yogesh - On January 18, 2024 8:01 am - 3 mins read
Income Tax - Madras High Court - Tax refund - TAXSCAN

The Madras High Court directed to allow the refund within Two Months. The Income tax department delayed refunding tax even after the assessee requested to enable the SWIFT code and IBAN. Coda Global LLC, the petitioner is a Limited Liability Company (LLC) incorporated in the United States of America (USA). The petitioner sold equity shares…

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