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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Seeking interest on return of seized cash after adjustment of ...


Interest on Returned Seized Cash After Tax Adjustment Allowed Under Explanation to Section 244A(1)(b) of Income Tax Act.

February 9, 2019

Case Laws     Income Tax     HC

Seeking interest on return of seized cash after adjustment of tax - in terms of the Explanation to Section 244A(1)(b) the amount was the excess tax (on change of its character from seized amount to tax paid), the petitioner is entitled to interest.

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