1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. WRIT PETITION NO.637 OF 2010 Castrol India Limited ..Petitioner. Vs. Union of India and others ..Respondents. .... Mr. R. Murlidhar with Mr. Atul K. Jasani for the Petitioner. for the Respondent. Mr. Suresh Kumar for the Respondents. Dr. Satyapal Kumar, Asstt. Commissioner of Income Tax -8(1) present. .... CORAM : DR. D.Y.CHANDRACHUD & J.P. DEVADHAR, JJ. 26 April, 2010. P.C.: At the hearing of the Petition, counsel appearing on behalf of the Respondents states on the instructions of Dr. Satyapal Kumar, Assistant Commissioner of Income Tax – 8(1), Mumbai that the adjustment effected of the refund of taxes due to the assessee for Assessment Years 1997-98 and 2007-08 against the demand for Assessment Year 2005-06 shall be reversed and refunds shall be paid over within a period of three weeks to the 2 assessee. Counsel appearing on behalf of the Revenue further states on instructions that the application filed by the assessee for stay of the demand for Assessment Years 2003-04 and 2005-2006 shall be disposed of within a period of three weeks from today. The statement which has been made on behalf of the Revenue is accepted. In view of the statement which has been made in the terms as recorded earlier, counsel appearing on behalf of the Petitioner does not seek any further reliefs in the Petition. The Petition is accordingly disposed of. The Respondents shall abide by their statement. (Dr. D.Y.Chandrachud, J.) (J.P. Devadhar, J.)