In Brief
Vodafone Idea Limited claimed a refund of income tax alleging the Assessing Officer's order lacked jurisdiction because no Section 143(2) assessment order existed for the relevant year. The Supreme Court held that issuance of a valid notice under Section 241A of the Income Tax Act is sufficient to override the refund requirement. The assessee is entitled to produce evidence and proceed through the initiated assessment proceedings. The Court directed refund of the amount within four weeks, subject to any fresh proceedings the Revenue initiates, but rejected other contentions, partly allowing the appeal.
The lawyer headnote and full judgment text are available to registered users.