For Aditya M, Ramesh K, Sanjay G, Ravi S, B.C.W. & others
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 February 2011
Hello experts.. Please solve my query as below.
I received intimation u/s 143(1) for F.Y. 2007-08 yesterday.. along with refund due.
Is the intimation valid? though dated 31.03.10 but has arrived so late?
Further the interest allowed on refund is only upto 31.03.10 & not the date of refund cheque which is 17.02.2011
if interest given is less, what is the procedure to claim the balance interest?
Thanks a loads in advance.......
I received intimation u/s 143(1) for F.Y. 2007-08 yesterday.. along with refund due.
Is the intimation valid? though dated 31.03.10 but has arrived so late?
Further the interest allowed on refund is only upto 31.03.10 & not the date of refund cheque which is 17.02.2011
if interest given is less, what is the procedure to claim the balance interest?
Thanks a loads in advance.......
22 February 2011
Intimation as per date is valid. The requirement of act is sending and not receiving.
For interest upto the date of issue of cheque kindly write a letter to the concerned A. O. to issue refund upto the date of issuing cheque.
For further case laws see this link
https://www.itatonline.org/search.php?cx=partner-pub-6440093791992877%3Adkadzr-s6yc&cof=FORID%3A11&ie=ISO-8859-1&q=interest+244A+upto+date+of+refund&siteurl=itatonline.org%252F#1489
and this
https://www.itatonline.org/pdf/gujarat_flourochemicals_interest.pdf
For interest upto the date of issue of cheque kindly write a letter to the concerned A. O. to issue refund upto the date of issuing cheque.
For further case laws see this link
https://www.itatonline.org/search.php?cx=partner-pub-6440093791992877%3Adkadzr-s6yc&cof=FORID%3A11&ie=ISO-8859-1&q=interest+244A+upto+date+of+refund&siteurl=itatonline.org%252F#1489
and this
https://www.itatonline.org/pdf/gujarat_flourochemicals_interest.pdf
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