Payment of interest u/s 244A to the deductor on the refund of ...

Case Laws Income Tax

December 23, 2023

Payment of interest u/s 244A to the deductor on the refund of tax made u/s 240 - Since we have awarded simple interest at 6%, we are not granting any cost in this case. This order shall be given effect to and the interest shall be paid over on or before 15th February 2024 - If not paid, with effect from 16th February 2024, the rate of interest payable will be at 9% p.a. until the date of payment. - The difference of 3% (9% - 6%) will be recovered from the Officer who will be responsible to have the interest paid. - HC

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Payment of interest u/s 244A to the deductor on the refund of ...

Case Laws Income Tax

December 23, 2023

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