Interest on refund
Last updated: 24 September 2007
Court :
HC
Brief :
Held by the Hon`ble Bench that section 244A(1)(b) applies to "in any other case" which includes refund of tax as a result of payment of self assessment tax. It is further provided that interest shall be payable on the amount held and utilised by the government in excess of the amount of tax due, thus the assessee was entitled to interest u/s 244A on excess amount paid u/s 140A.
Citation :
Addl. C.I.T. Vs. Grindwell Norton Ltd
You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :
Stay updated! Stay ads free
Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.
CCI PRO annual subscription :
Original Price : INR 2999/-
Offer Price : INR 1999/-
Duration : 1 year
(Prices Inclusive of GST)
Know More
Note: If you are a PRO member already, please click here to login (for ad free experience)
CA.Saibaburao Nanduri
Published in Income Tax
Views : 37
Comments
Trending Online Classes
-
All Subjects Combo (Regular Batch) Jan & May 26
CA Hardik Manchanda,CS Arjun Chhabra & Prof. Akash Agrawal
CAclubindia
