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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Interest on the refund for the period of delay u/s 244A - ...


Interest on Refunds u/s 244A: Applicable for Excess Amounts Held, Not Revenue's Delay in Processing.

January 1, 2014

Case Laws     Income Tax     HC

Interest on the refund for the period of delay u/s 244A - interest is payable on account of the amount in excess of what is payable was remaining with the revenue and not for the delay caused by the revenue in determining the refund of the amount - HC

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