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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Applicability of section 240 - Refund on appeal – Block ...


Assessee Entitled to Tax Refund u/s 240 if Paid Tax Exceeds Chargeable Tax on Reported Income.

February 24, 2014

Case Laws     Income Tax     SC

Applicability of section 240 - Refund on appeal – Block assessment - the assessee was only entitled to the refund of tax paid in excess of the tax chargeable on the total income returned by the assessee. - SC

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