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2013 (12) TMI 71 - SC - Income TaxInterest on refund - Held that:- In the regular assessment done by the Assessing Officer, the tax liability for the relevant period was found to be higher and, accordingly, the seized cash under Section 132 of the Act was appropriated against the assessee's tax liability - The order of the Assessing Officer was changed by the Tribunal finally on 20.2.2004 - The interest for the post assessment period i.e. from 4.3.1994 until refund on the excess amount has already been paid by the department to the assessee - Section 132B(4) deals with preassessment period in the matters of search and seizure and section 240 deals with post assessment period as per the order in appeal - Decided in favour of assessee.
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