M S Supratik Hospitali Pvt. Ltd. Formerly M S Supratik Stock Securities Pvt. Ltd. v. Central Board of Direct Taxes Ors.
Case brief
What is this about?
W.P.(C) 2401/2025 (CM APPLs 11315-11318/2025, 20410/2025), Delhi High Court, decided 05.08.2025, coram V. Kameswar Rao and Vinod Kumar JJ. Petitioner M/s Supratik Hospitality Pvt. Ltd. (formerly Supratik Stock Securities Pvt. Ltd.) v. Central Board of Direct Taxes. Themes: appeal effect to ITAT G Bench Delhi orders dated 31.08.2017 in ITA No.3031/Del/2010 and ITA No.2720/Del/2013 (A.Y. 2006-07); deleted demand of tax and penalty under Section 271(1)(c), Income Tax Act, 1961 (each Rs. 43,82,110/-); Assessing Officer orders adjusting refunds against deleted demand (Annexures P-2 to P-12, A.Ys 2012-13 to 2024-25); stoppage of recovery; refund claim Rs. 41,83,587/- (Rs. 32,89,930/- principal + Rs. 8,90,657/- interest); Assessing Officer Kolkata instructions dated 03.03.2025; stay on further recovery in ITBA system w.e.f. 17.02.2025; twelve-week window for refund orders; petition disposed of on recorded submission. Advocates: S.K. Srivastava et al. for petitioner; Sunil Agarwal (SSC) et al. for respondents. No precedents cited; no separate opinions.