TMI BlogInterest on refund - Where it is found that no refund has been granted pursuant to intimation u/s...Interest on refund - Where it is found that no refund has been granted pursuant to intimation u/s 143(1), the assessee shall be granted relief from such levy of interest u/s 234D and consequentially, levy of interest u/s 220(2) will also undergo a change and the Assessing officer is directed to recompute the interest u/s 220(2) after granting credit for amount paid towards the outstanding taxes instead of interest u/s 234D as done correctly. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
