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2014 (1) TMI 25 - HC - Income TaxInterest on the refund for the period of delay u/s 244A - Held that:- Following Commissioner of Income Tax v. Larsen and Toubro Ltd. [2010 (6) TMI 414 - Bombay High Court] - The interest cannot be denied for the time taken by the appellant assessee to cure the defects in the TDS certificates as no amount is due from the assessee so far as TDS certificates and the amount was lying with the revenue - The interest is payable on account of the amount in excess of what is payable was remaining with the revenue and not for the delay caused by the revenue in determining the refund of the amount - Decided against Revenue.
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