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2002 (2) TMI 11 - HC - Income TaxInterest payable by Government - Interest on refund where no claim is needed - interest under sections 214 and 244(1A) – Up to March 31, 1975, interest under section 214 is payable from the first day of April of the relevant assessment year to the date of the first assessment order. If any further amount is found refundable as a result of any appellate or other order, then interest under section 244 is payable on the amount of refund. But interest is not payable under both the sections 214 and 244(1A) simultaneously – Tribunal was not justified in holding that the assessee was entitled to interest under sections 214 and 244(1A) - The Tribunal was justified in law in holding that the assessee was entitled to benefit of interest under section 244(1A) on refunds in respect of any amount of tax including self assessment tax paid or given credit in the assessment completed after March 31, 1975
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