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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Withdrawal of refund which was granted on refund u/s 244A - ...


Refund Adjustment u/s 244A: Only Excess Interest Reclaimed, Not Entire Amount, Per Section 234D Income Tax Act Decision.

December 5, 2019

Case Laws     Income Tax     AT

Withdrawal of refund which was granted on refund u/s 244A - Reduction in interest due to order of CIT(A) - the excess claim of interest is required to be called back u/s.234D of the Act only, but not the withdrawal of entire interest.

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