Interest u/s 244A OR 132B(4) - not refunding the seized amount - ...

Case Laws Income Tax

April 25, 2020

Interest u/s 244A OR 132B(4) - not refunding the seized amount - Sections 132B and 244A of the Act are independent provisions and are not over-lapping. Rather, Section 132B(4) of the Act deals with interest for the period from seizing of the amount till finalisation of the assessment and Section 244A of the Act operates for the period after the refund has become due under the Act - HC

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Interest u/s 244A OR 132B(4) - not refunding the seized amount - ...

Case Laws Income Tax

April 25, 2020

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