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2011 (8) TMI 386 - HC - Income TaxWhether interest u/s 244A was payable to assessee even though the amount of tax paid by the assessee was credited to central government - Block assessment - assessing officer declined to grant interest for the month of December, 2003 - there is delay on the part of the authorized agent to credit that amount to the account of the Central Government, it cannot be said that the payment of tax is not made by the assessee, till the amount of tax is credited to the account of the Central Government - Once it is found that the tax was paid on 30th December, 2003, then as per the rule 119A(b), of the Income Tax Rules, on the tax becoming refundable, the assessee had to be refunded tax with interest for the entire month of December, 2003 - circular No.261 dated 8th August, 1979 issued by the Board to the effect that the date of presenting the cheque should be the date of payment supports the contention of the assessee - Decided in favor of the assessee
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