Dismissed
Ifci Venture Capital Funds Limited v. Assistant Commissioner of Income Tax, Central Circle 10(1) & Ors.
Delhi HCW.P.(C)/6019/2024
Case brief
AI extract
What is this about?
The Delhi High Court dismissed two writ petitions filed by IFCI Venture Capital Funds Limited seeking refunds of tax amounts adjusted by the Assessing Officer despite a pending stay application. The court held the petitions lacked merit as demands were lawfully recovered post-dates of recovery.
What did the court decide?
Petitions dismissed; petitioner left to pursue applications for stay before competent authority.