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Income Tax - Highlights / Catch Notes

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Computation of the interest on refund u/s 244A - the judicial ...

Income Tax

October 28, 2023

Computation of the interest on refund u/s 244A - the judicial proprietary demands that order of the Tribunal of earlier years must be followed and therefore we direct the AO to re-compute the amount of interest u/s. 244A by first adjusting the amount of refund already granted towards the interest component and balance left if any shall be adjusted towards the tax component. - AT

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