Sulzer Pumps India Private Limited v. Assistant Commissioner of Income Tax, Circle -15(3)(2),MUMBAI
Case brief
What is this about?
Short Bombay High Court order disposing of a praecipe filed by Sulzer Pumps India Private Limited (with W.P. Nos. 4892 and 4879 of 2024) against the Assistant Commissioner of Income Tax, Circle – 15(3)(2), Mumbai. Follows the Court's judgment/order of 20 January 2025; records rectification orders dated 17 March 2025 by the Revenue enabling release of Rs.14,39,99,673/- (20% of tax demand); Prothonotary and Senior Master directed to release the deposited amount with accrued interest to the Petitioner's bank account. Coram: M.S. Sonak and Jitendra Jain, JJ.; decision dated 23 April 2025.
What did the court decide?
Release of the amount deposited by the Revenue (Rs.14,39,99,673/- per rectification orders dated 17 March 2025) to the Petitioner, together with accrued interest if any, by transfer to the Petitioner's bank account. ¶17