Refund cannot be claimed before completion of previous year unless tax was illegally collected by revenue

INCOME TAX : Where assessee claimed refund of an excess amount of advance tax paid by it on LTCG on sale of a hall before completion of previous year on 31st march so that money could be utilised for marriage of her daughter, since excess amount of advance tax deposited by assessee was not illegally collected by revenue, assessee would not be entitled to refund of same before completion of previous yearINCOME TAX : Where assessee claimed refund of an excess amount of advance tax paid by it on LTCG on sale of a hall before completion of previous year on 31st march so that money could be utilised for marriage of her daughter, since excess amount of advance tax deposited by assessee was not illegally collected by revenue, assessee would not be entitled to refund of same before completion of previous yearwww.taxmann.com Latest Case LawsRead More

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