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2016 (7) TMI 526 - GUJARAT HIGH COURTEntitled to any interest under section 244A denied - Held that:- In view of the decision of the Apex Court in the case of Commissioner of Income-tax v. Gujarat Fluoro Chemicals reported in (2013 (10) TMI 117 - SUPREME COURT ) wherein held The Legislature inserted section 244A in the Income tax Act, 1961, with effect from April 1, 1989, which provides for interest on refunds under various contingencies. It is only that interest provided for under the statute which may be claimed by an assessee from the Revenue and no other interest on such statutory interest. Thus we are of the opinion that the Tribunal has rightly rejected the claim of the assessee. - Decided against the assessee.
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