Interest on refund u/s 244A can’t be granted for delay which arose on account of technical reasons: ITAT

INCOME TAX : As per provisions of section 244A, assessee is entitled to only interest on income tax refund due to assessee upto date of payment of such refund and there is no provision in Act to pay compensation to assessee for certain delay in payment of interest, if such delay is on account of technical reasonsINCOME TAX : As per provisions of section 244A, assessee is entitled to only interest on income tax refund due to assessee upto date of payment of such refund and there is no provision in Act to pay compensation to assessee for certain delay in payment of interest, if such delay is on account of technical reasonswww.taxmann.com Latest Case LawsRead More

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