The Madras High Court has directed a taxpayer to file a fresh representation before the Income Tax Officer (ITO) for an income tax refund of Rs. 3 lakhs for the Assessment Year (AY) 2015-16. The court also instructed the ITO to consider and act upon the representation within six weeks.
Income Tax RefundMadras High CourtItoTax PlanningForm 16Real EstateMay 18, 2025
The income tax refund claim in this case is Rs. 3 lakhs for the Assessment Year 2015-16.
The petitioner in this case is Thirumalai Ramesh S, along with 38 co-employees.
The Madras High Court directed the petitioner to file a fresh representation before the Income Tax Officer (ITO) for the income tax refund claim.
The ITO has been instructed to forward the representation to the concerned authorities, who shall consider and act upon it within six weeks.
Mr. J. Nagarajan appeared for the petitioner, and Dr. B. Ramaswamy, Senior Standing Counsel, appeared for the department.
Discover how Transcon Developers is redefining luxury real estate with its out-of-the-box office project, a game-changer in the industry.
ITC has made a strategic move by acquiring Aditya Birla Real Estate's Century Pulp and Paper, which is expected to bolster its presence in the northern market. Nomura has given a Buy rating to Aditya Birla Real Estate, citing the potential growth from this deal.
The accused, identified as Byra Chandra Shekar, Vemulapally Jahnvi, Garimella Venkata Akhil, and Reddipalli Krishna Chaitanya, were arrested for defrauding investors through their companies, Squares and Yards Infra Pvt Ltd and Ad Avenues Pvt Ltd.
Satish Kedari, CEO, Bhakti 24 Developers, wins Real Estate Business of the Year award at Maharashtra Udyog Sanman Purskar-Pune 2024
Bengaluru's Prestige Group has made a significant move into the Delhi-NCR real estate market with the launch of its ambitious project, Prestige City. This move aims to address the growing demand for quality residential properties in the region.
Explore Mumbai's top real estate investment opportunities in 2024! From emerging micro-markets to sustainable developments, discover the best locations and trends for high-return investments in Mumbai’s thriving property market.