Interest on the refund u/s 27A - the Explanation to Section 27A ...

Taxpayers entitled to interest on refunds from three months after initial application if ACC decision is overturned.

May 15, 2019

Case Laws Customs HC

Interest on the refund u/s 27A - the Explanation to Section 27A makes it clear that the orders passed by the Commissioner (Appeals) and the Appellate Tribunal are also deemed to be orders passed u/s 27(2) - even if the ACC rejects an application for refund u/s 27(2), the moment the said order is set aside on first appeal or second appeal, the order merges - assessee is entitled to interest from the date of expiry of 3 months of the date of application

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Interest on the refund u/s 27A - the Explanation to Section 27A ...

Taxpayers entitled to interest on refunds from three months after initial application if ACC decision is overturned.

May 15, 2019

Case Laws Customs HC

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