Home Highlights April 2016 Year 2016 This

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1. Interest on refund u/s 244(1A) - The reading of Sections 237, 240 and 244(1A) casts a duty on the Assessing Officer to charge that much of tax which the assessee is...

2. Whether Withdrawal of refund u/s 244(1A) can be made by rectification u/s 154 – Held yes - HC

3. Interest on 'amount of refund' u/s 244 versus Interest on 'any tax' u/s 244A - AT

4. Refund of interest amount payable u/s 201(1A) - interest u/s 244A - Excessive deduction of TDS on the direction of Department - Decision of the High Court directing the...

5. Interest u/s 244-A - as the amount in question was deposited as tax and not as interest, and also that even if a presumption could be drawn that the amount was...

6. Withdrawal of the interest - Whether interest allowed u/s 244(1) can subsequently be withdrawn in view of creation/restoration of demand in subsequent appeal - Held yes - HC

7. Interest on late deduction of TDS due to stay order passed by High Court - Assessee not to be treated in default - for the stay period no Interest u/s 201(1A) - SC

8. Adjustment of amount refundable for the Assessment Year 2012-13 against the tax demands of subsequent years - SC confirmed the order of HC

9. Interest cannot be claimed from the date of wrong availment of CENVAT credit - interest shall be payable from the date CENVAT credit is wrongly utilized - AT

10. Renting of immovable property service - receipt of onetime non-refundable contribution - The entire case of the department is that one time refundable amount collected...