INCOME TAX : While granting refund in pursuance to Tribunal’s order, amount of refund granted earlier should be first adjusted against correct amount of interest and consequently, short fall of refund is to be regarded as shortfall of tax and that shortfall should then be considered for purpose of computing further interest payable to assessee under section 244A till date of grant of such refundINCOME TAX : While granting refund in pursuance to Tribunal’s order, amount of refund granted earlier should be first adjusted against correct amount of interest and consequently, short fall of refund is to be regarded as shortfall of tax and that shortfall should then be considered for purpose of computing further interest payable to assessee under section 244A till date of grant of such refundwww.taxmann.com Latest Case LawsRead More
