Interest on refunds u/s 244A - whether the assessee was ...

Interest on Refunds: Taxpayer Entitled to 6% Per Annum Due to Processing Delays Beyond Their Control.

January 13, 2024

Case Laws Income Tax HC

Interest on refunds u/s 244A - whether the assessee was responsible for the delay? - after the petitioner requested the respondents to enable the petitioner to provide the SWIFT code and IBAN, the delay in processing the refund cannot be attributed to the petitioner. - If the delay is not attributable to the assessee, Section 244A provides for refund at the rate of ½% per month or 6% per annum. - HC

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Interest on refunds u/s 244A - whether the assessee was ...

Interest on Refunds: Taxpayer Entitled to 6% Per Annum Due to Processing Delays Beyond Their Control.

January 13, 2024

Case Laws Income Tax HC

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