Monday, December 28, 2020

Interest accrued on delayed refund partakes character of amount due for the purpose of Sec. 244A : HC

INCOME TAX : Under section 244A interest on delayed refund becomes part of principal amount and delayed interest includes interest for not refunding principal amount as well as interest on delayed refund

from www.taxmann.com Latest Case Laws https://ift.tt/3rzUDd1

No comments:

Post a Comment

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...