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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Interest u/s 244A on self assessment tax payment - AO directed ...


AO Ordered to Recalculate Interest on Self-Assessment Tax u/s 244A, Prioritizing Refunds on Interest First.

June 26, 2019

Case Laws     Income Tax     AT

Interest u/s 244A on self assessment tax payment - AO directed to re-compute the amount of interest u/s. 244A by first adjusting the amount of refund already granted towards the interest component and balance left if any shall be adjusted towards the tax component.

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