Interest on refund - Money wrongly attached - the provision of ...

Court Rules 10% Interest on Wrongful Fund Retention; Section 244-A Interest Provision Not Applicable.

August 1, 2019

Case Laws Income Tax HC

Interest on refund - Money wrongly attached - the provision of interest in Section 244-A would have no applicability in the present case because it is a case of illegal attachment and retention - interest 10% for wrongful retention of money for a period of about 15 months, cannot be said to be excessive by any standards - directed to pay interest within two months otherwise further interest @ 9%

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Interest on refund - Money wrongly attached - the provision of ...

Court Rules 10% Interest on Wrongful Fund Retention; Section 244-A Interest Provision Not Applicable.

August 1, 2019

Case Laws Income Tax HC

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