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2017 (10) TMI 1534 - AT - Income TaxInterest on the statutory interest in case of delay in the payment u/s 244A - HELD THAT:- The facts as well as issue involved in these appeals are identical to that of the case of M/S AMBUJA DARLA KASHLOG MANGOO TRANSPORT COOPERAT IVE SOCIETY LTD. VERSUS THE DCIT, CIRCLE, PARWANOO [2017 (11) TMI 988 - ITAT CHANDIGARH], where it was held that the assessee is otherwise entitled for the compensation from the Revenue for inordinate delay in the payment of interest. Therefore, following the decision rendered in the case, all these appeals of the assessees stands allowed on the same terms and the Revenue is directed to pay compensation in the shape of simple interest on the amount due at the rate at which the assessees herein otherwise would have been entitled to, on the delayed payment of excess tax paid. Appeal allowed - decided in favor of assessee.
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