What is ‘fresh assessment’ and resolving controversy about eligibility for interest @9 % pa on income-tax refund?

The provisions of Income-tax law are drafted with multiple objectives. Some of the objectives are to provide incentive to the taxpayers and some of them are to act as deterrent by providing penal consequence for any over reach.The provisions of Income-tax law are drafted with multiple objectives. Some of the objectives are to provide incentive to the taxpayers and some of them are to act as deterrent by providing penal consequence for any over reach.taxmann.com Latest ArticlesRead More

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