Relief to Punjab and Sind Bank: Delhi HC allows Refund of Rs.1.3 crores Deposited by Bank on ground of Involvement of Public Funds [Read Order]

By Shabna Rahim - On August 17, 2023 3:00 pm - 2 mins read
Relief - Punjab - Sind- Bank-Delhi- HC - Refund - Deposited - Bank - ground - Involvement - Public- Funds-TAXSCAN

The Delhi High Court granted relief to the Punjab and Sind Bank by allowing the refund of the amount Rs. 1,36,04,250/- deposited by the bank on the ground of involvement of public funds.  Punjab and Sind Bank, the petitioner filed a writ petition against the order passed under Section 201(1)/201(1A) of the Income Tax Act,…

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