HC held that upon successful appeal, the tax authority is ...

Tax Authority Must Refund Full Amount with 6% Interest After Successful Appeal Under Section 147 of Income Tax Act

May 17, 2025

Case Laws Income Tax HC

HC held that upon successful appeal, the tax authority is obligated to refund the recovered amount under Income Tax Act provisions. The court directed the respondent to refund the entire recovered amount within seven days, with a stipulation that any delayed refund shall accrue interest at 6% per annum from the date of initial recovery until actual refund. The ruling affirms the petitioner's right to monetary restoration following the setting aside of the reassessment order under section 147, emphasizing procedural fairness and compensatory interest for unwarranted financial detention.

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HC held that upon successful appeal, the tax authority is ...

Tax Authority Must Refund Full Amount with 6% Interest After Successful Appeal Under Section 147 of Income Tax Act

May 17, 2025

Case Laws Income Tax HC

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