TMI BlogInterest on refunds u/s 244A - Having availed the time for rectifying the defects and claiming interest...Interest on refunds u/s 244A - Having availed the time for rectifying the defects and claiming interest for the defect rectification time is unavailable. Such an interpretation does not fit into the requirement of filing a return fully compliant with the order of assessment, levy of interest, refund etc. The period taken by the assessee for curing the defects cannot be excluded while calculating interest; then, for no fault of the Department, the Department is called upon to compensate by way of interest. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
