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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Interest on refund - AO was not justified in withdrawing the ...


Interest Withdrawal Unjustified: AO Erred u/s 244A(1) on Seized Cash Adjusted Against Tax Liability Refunds.

November 19, 2011

Case Laws     Income Tax     AT

Interest on refund - AO was not justified in withdrawing the interest under section 244A(1) because the seized cash was adjusted against the existing liability and interest under section 244A was liable from the date on which the amount was adjusted against the existing liability to the date when the amount was refunded. .... - AT

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