Thursday, March 12, 2020

Assessee was entitled to receive interest on delayed payment of interest on refund under section 244A

INCOME TAX : Under section 244A interest on delayed refund becomes part of principal amount and, thus, delayed interest not only includes interest for not refunding principal amount but also interest on delayed refund

from www.taxmann.com Latest Case Laws https://ift.tt/33cDUAC

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...