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A roguish leeway of undue enrichment - Levy of Interest u/s 234B when refund is pending / delayed

Income Tax - Direct Tax Code - DTC - By: - Harish Chander Bhatia - Dated:- 15-1-2016 Last Replied Date:- 17-1-2016 - Section 234B Yes, it is about charging of interest for default in payment of advance tax, as the statues says, but how the ITD is usi .....

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entire amount of admissible refund is adjusted under the head of section 234B, whereas , in those cases 234B whether applicable or not. If government wants the tax payer to come with clean hands, CBDT should also set a similar example. Is it justice .....

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outed in concerted manner by the entire department The relevant part of section 143(3) says:- 4[(3) On the day specified in the notice,- (i) issued under clause (i) of sub-section (2), or as soon afterwards as may be, after hearing such evidence and .....

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rdingly, and determine the sum payable by the assessee on the basis of such assessment; (ii) issued under clause (ii) of sub-section (2), or as soon afterwards as may be, after hearing such evidence as the assessee may produce and such other evidence .....

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and determine the sum payable by him or refund of any amount due to him on the basis of such assessment:] NOW the remedy is you take it as mistake (albeit deliberate mistake) apparent on record and get it rectified and amount refunded, of course , i .....

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e will be compromised. Through this article, the author wishes to send a message to policy makers that a regular feed-back from assessees will give them better policy-making inputs. Mera Bharat Mahan - Reply By swaminathan venkataraman - The Reply = .....

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e views/clarifications sought to be covered therein are, as independently examined and analyzed, noted to be drastically deficient and obnoxiously incomplete and misconceived in several respects. Such deficiencies , etc., are of a material nature. He .....

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urpose, the specific areas to be consciously looked through and remedied, it must be noted, are adequately covered in a plethora of useful feedback inputs as are readily available in public domain.Two such areas of vital importance, potent with scope .....

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