Thursday, December 20, 2018

Assessee wasn't entitled to interest on interest which was awarded as compensation on delay of grant of refund: HC

IT: Where assessee's claim for refund of excess tax collected was withheld and refunded by department after a huge delay merely on ground of pendency of appeal filed by revenue, since there was no stay granted by Appellate Authorities, assessee would be entitled to compensation by way of interest for such delay but assessee would not be entitled to interest on interest which was awarded as compensation

from www.taxmann.com Latest Case Laws https://ift.tt/2SZX8mu

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