Calculation of interest u/s 244A - when a refund of tax has to ...

Only Tax Component Adjusted in Refund Calculations u/s 244A; Interest Component Remains Unchanged for Compensation.

February 23, 2016

Case Laws Income Tax HC

Calculation of interest u/s 244A - when a refund of tax has to be reduced by refund already granted it is only the tax element which has to be adjusted and not the interest element paid on the delayed refund of the tax. This is so as the interest which is paid to the assessee is for the wrongful withholding of the assessee's refund by the revenue - HC

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Calculation of interest u/s 244A - when a refund of tax has to ...

Only Tax Component Adjusted in Refund Calculations u/s 244A; Interest Component Remains Unchanged for Compensation.

February 23, 2016

Case Laws Income Tax HC

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