banner_ad

Interest on Refund!


Last updated: 25 September 2007

Court :
Addl. C.I.T.

Brief :
Case Fact: Whether assessee is entitled to interest on refund due on account of payment of excess self assessment tax u/s 140A?

Citation :
Addl. C.I.T. Vs. Grindwell Norton Ltd 12/20/2005 (2006) 285 ITR (AT) 13 (Mumbai)

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.
 

CCI Pro

CA Nikita
Published in Income Tax
Views : 41
Share Report Abuse
Comments

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Other Latest Judgments

View More Judgments »


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news

Browse by Category




Latest Job Openings

View all
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details