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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Assessment of the interest received u/s 244A - when interest is ...


Interest from Section 244A Refunds Taxable in Year Received, Meets Income Tax Act Sections 4 & 5 Requirements.

May 12, 2014

Case Laws     Income Tax     AT

Assessment of the interest received u/s 244A - when interest is actually granted along with the refund, the requirement of sections 4 and 5 of the Act are fully satisfied and the same can be taxed in the year of receipt - AT

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