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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Interest on Refund - search and seizure - assessee is entitled ...


Tax Department Must Pay 9% Interest for Wrongful Retention of Money After Search and Seizure.

June 5, 2015

Case Laws     Income Tax     HC

Interest on Refund - search and seizure - assessee is entitled to be compensated for such wrongful retention of the money by the department. The assessee is entitled to be compensated at the same rates i.e. 9% - HC

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