Assessee is entitled to Interest on Income tax Refund
Interest on Income Tax Refund ; Section 244A(1) of Income Tax Act 1961 Facts of the Case The appellant had paid a sum of Rs. 20,00,000/- on 29.6.1991, as tax due under section 140A. This amount actually became refundable due to the appellate proceedings. Therefore, the appellant claimed the refund of the said amount of… Read More »