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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Entitlement to interest u/s 244A on refund - excess ...


Court Denies Interest on Excess Self-Assessment Tax Refund Due to Lack of Revenue Demand and Taxpayer Error.

March 4, 2015

Case Laws     Income Tax     HC

Entitlement to interest u/s 244A on refund - excess self-assessment tax paid - In absence of explanation as to how the assessee erred in calculation of self-assessment tax, there being no allegation that such excess deposit was pursuant to demand by the Revenue, the claim for interest on excess payment voluntarily made cannot be sustained - HC

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