PRADEEP WIG,NEW DELHI vs. ACIT CENTRAL CIRCLE-5, NEW DELHI

The appeals of the Revenue are dismissed

Bench: Shri M. Balaganesh & Shri Anubhav Sharma

271 (SC), it was held that where there is failure or inability of authorities to frame a regular assessment after earlier assessment is set aside or nullified, tax deposited by an assessee by way of advance tax or self-assessment tax, or tax deducted at source is not liable to be refunded to assessee, since its retention by revenue would