Interest on refunds u/s 244A - Having availed the time for ...

High Court Rules Section 244A Interest on Tax Refunds Excludes Time Taken for Taxpayer to Fix Filing Errors.

April 7, 2022

Case Laws Income Tax HC

Interest on refunds u/s 244A - Having availed the time for rectifying the defects and claiming interest for the defect rectification time is unavailable. Such an interpretation does not fit into the requirement of filing a return fully compliant with the order of assessment, levy of interest, refund etc. The period taken by the assessee for curing the defects cannot be excluded while calculating interest; then, for no fault of the Department, the Department is called upon to compensate by way of interest. - HC

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Interest on refunds u/s 244A - Having availed the time for ...

High Court Rules Section 244A Interest on Tax Refunds Excludes Time Taken for Taxpayer to Fix Filing Errors.

April 7, 2022

Case Laws Income Tax HC

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