Tag: interest on refund
Assessee was entitled to interest u/s 244A from 1st April of AY when return filed within extended due date – ITAT Assessee was entitled for interest on TDS refund u/s 244A from 1st April of AY when the return was filed within extended due date In a recent …
Payment of interest on interest on delayed refund u/s 244A. Delayed refund becomes part of principle amount and delayed interest includes interest for not refunding it. ABCAUS Case Law Citation:ABCAUS 3204 (2019) (12) HC Important case law relied upon by the parties:Sandvik Asia Ltd. Vs. Commission of Income …
Refund granted should be adjusted first towards interest component and balance left if any shall be adjusted towards the tax component – ITAT ABCAUS Case Law Citation: ABCAUS 2113 (2017) (11) ITAT The Challenge/Grievance: The Revenue was aggrieved by the order of Commissioner of Income Tax Appeals …