Tax Authority Refuses to Carry Forward Excess Payment; Respondents' Interest and Penalty Claims for Future Years Unjustified.

Carry forward of excess tax - Petitioner paid amount in excess of tax liability - Authority denied carrying forward of tax - There appears no rationale on the part of the respondents in claiming interest and penalty with regard to the payment to be effected by the petitioner in respect of the subsequent assessment years - HC .....

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