The Delhi bench of the Income Tax Appellate Tribunal quashed a revision against senior advocate Mukul Rohatgi for AY 2020–21, holding that reopening his Rs 133.46 crore assessment lacked legal basis and could not rest on mere re-inquiry alone.
The Supreme Court of India held that tax refunds are payable only when the burden has not been passed on, warning courts against creating mechanisms beyond statutory limits. Referring to Section 54, it directed amounts to the Consumer Fund.
