Interest Calculation on Tax Refunds: Section 244A(1A) Applies from June 1, 2016, Until Refund Receipt Date.

Adjustment of refund for arriving at interest - calculation of interest u/s 244A is the way in which the AO has adjusted the refunds issued - the provisions of section 244A(1A) would be applicable in assessee's case from 01.06.2016 till the date of actual receipt of refund - AT .....

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