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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Interest on refund - refund made in part - Whether refund should ...


Court Rules: Refunds Must First Adjust for Interest Before Principal Amount.

May 26, 2015

Case Laws     Income Tax     AT

Interest on refund - refund made in part - Whether refund should have been first adjusted with the interest due on date of grant of refund, instead of being adjusted with the principal refund due? - Held yes - AT

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