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Income Tax - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

Interest on refund of TDS - The Government, there being no ...


Government Must Pay Interest on Excess TDS Refunds Despite Lack of Express Statutory Provision.

June 21, 2017

Case Laws     Income Tax     AT

Interest on refund of TDS - The Government, there being no express statutory provision for payment of interest on the refund of excess amount/tax collected by the Revenue, cannot shrug off its apparent obligation to reimburse the deductors lawful monies with the accrued interest for the period of undue retention of such monies

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