Relief to LG: Delhi High Court Orders CPC to Process Income Tax Refund under rectification Order

Relief to LG: Delhi High Court Orders CPC to Process Income Tax Refund under rectification Order The Delhi High Court in the matter of M/s. LG Electronics India Private Limited V/S Deputy Commissioner of Income Tax has ruled out the Central Processing Center to determine and process the refund due to LG Electronics in accordance with the law after the later filed a rectification application under Section 154 of the Income Tax Act, 1961. The bench held that “due to some technical reasons the accounting of order under Section 154 could not be completed on 24th February, 2022 and the same may get completed by 25th February, 2022. The demand raised in intimation under Section 143(1) for Assessment Year 2020-21 has been cancelled and once the accounting of rectification order is completed at CPC, refund due will be determined. In view of the aforesaid development, the CPC is directed to determine and process the refund in accordance with law.” The Judgement was made by Hon'ble Mr. Justice Manmohan and Hon'ble Mr. Justice Navin Chawla The Petitioner i.e. M/s. LG Electronics India Private Limited represented by Advocates Mr. Deepak Chopra and the Respondent i.e. Deputy Commissioner of Income Tax, was represented by Advocates Ms. Vibhooti Malhotra. To Read Judgement Download PDF Given Below: