Smt Neera Jain L/H of Late Sh. Naval Kishor Jain v. Commissioner of Income Tax Cum Designated Authority International Taxation 2, New Delhi & Anr.
Income tax – Direct Tax Vivad Se Vishwas Act, 2020
Case brief
What is this about?
W.P.(C) 6665/2025, Delhi High Court, order dated 19.05.2025, coram Vibhu Bakhru and Tejas Karia JJ. Petitioner: Smt Neera Jain, legal heir of late Sh. Naval Kishor Jain; Respondents: Commissioner of Income Tax cum Designated Authority International Taxation 2, New Delhi & Anr. Subject: release of refund of Rs.4,80,247/- payable under settlement under the Direct Tax Vivad Se Vishwas Act, 2020 ('Form 5' already issued); Revenue bound by counsel's statement to process refund within six weeks; refund to carry interest as applicable in law; petition disposed of. Keywords: DVSV Act 2020, Form 5, income tax refund, interest on refund, undertaking by Revenue.
What did the court decide?
Direction that the refund of Rs.4,80,247/- payable under the Direct Tax Vivad Se Vishwas Act, 2020 settlement be processed within six weeks (the Revenue being bound by its counsel's statement), and that the refund claim be accompanied by interest as applicable in law; petition disposed of with no further orders.