IT : In Response To A Public Interest Litigation Regarding ...
Regarding interest on refund under section 244A An assessee can certainly be denied interest if delay is attributable to him in Number of assessees where income tax refund in the last year has been adjusted against demand for earlier years. (ii) The ... Retrieve Document
Interest And Penalties Under Income Tax Act - HOME - UdyogTax
Interest and Penalties under Income Tax Act Introduction The following table explains in brief all the provisions relating to Interest and penalties under the Income tax act, 1961: Section No Description Interest/ Penalty on excess refund. 244A Interest on refund due to the assessee ... Retrieve Content
27 January 2011 TAX
The taxpayer was given refund of the taxes withheld but without any interest as per the provisions of Section 244A of the Act. Tax department’s contentions ... Read Full Source
AIT-2013- -HC
The claim of the assessee was considered by the assessing Officer by passing order under Section 154 of the Income Tax Act. interest on such refund under Section 244A cannot be granted?" ... Fetch Content
COMMISSIONER OF INCOME TAX & ANR. Vs. SAMI LABS LTD.
Section 244A, Asst. Year 2001-02, 2003-04, Decision in favour of revision and found that the order of the AO in allowing interest under s. 244A on the refund of Rs. 29,43,825 for difference between the tax payable on income computed under the normal provisions and tax payable on ... Retrieve Full Source
FOR DEPARTMENTAL USE ONLY - Income Tax Department
6.1 Finance Act 2002 has amended Section 139 of Income Tax Act to enable the Board to 1961 for granting a refund of tax any other direct tax law. No interest u/s. 244A, ... Read More
TAX UPDATES
With interest under Section 244A, on the amount of interest on refund de-layed Recently, the Delhi High Court in the case of India Trade Promotion Organization v. fined under Section 6(2) of the Income-tax Act, an AOP is said to be resident in ... Get Content Here
Tax And Regulatory Services India Spectrum
The Tax Officer (“TO”) granted refund arising on account of self-assessment did not allow the interest under section 244A of the Income-tax Act, 1961 (the “Act”) on the ground that the refund arose to the assessee out of the payment of self-assessment tax. The Commissioner of Income- ... Visit Document
Commissioner Of Income-tax Vs
As provided under section 244A(1)(a) of the Act. Even for refund of the tax paid under section 140A on self-assessment, Section 64 of the Income-tax Act, 1961, enacts a deeming provision for inclusion of others’ income in the income of assessee. ... Fetch Content
Tax And Regulatory Services India Spectrum
Section 244A of the Act The tax department paid the refund interest for the delayed refund for 57 months in terms of section 244A of the Act, and this was not a case of an Section 92 of the Income-tax Act with ... Visit Document
INCOME TAX APPELLATE TRIBUNAL ORDER
Holds that the assessee is entitled to refund with interest u/s 244A - held, issue is no Income Tax - Section 22 - house property owned by partners of the firm in individual capacity are utilised by a partnership firm, constituted of HUFs through its partners - ... Read More
January 2010 Apex Court Holds That The Taxpayer Is Entitled ...
The taxpayer claimed interest on refund as per section 244A of the Income-tax Act, 1961 (“Act”), which was not allowed by the Revenue on the basis that the taxpayer was not entitled to receive any interest on interest. The Supreme ... Retrieve Doc
IN THE INCOME TAX APPELLATE TRIBINAL - ALL INDIAN TAXES
19.As aforesaid section 244A grants interest only on that amount of refund that is out of the payments of tax or penalty, While granting the refund, the Income Tax Officer allowed interest u/s. 244 of the Act in respect of the amount representing income-tax and penalty. ... View This Document
Adjustment Of tax refund Against The Dues Of A Group Company ...
Adjustment of tax refund against the dues of a group company is not permitted refund. However, the Chief Commissioner of Income-tax (CCIT) held that the refund of the taxpayer has Section 244A(1)(a) of the Act to the taxpayer. ... Fetch Here
RESERVED ON: MAY 05, 2011 PRONOUNCED On: JULY 11, 2011
Section 244A of the Income Tax Act (‘the Tax’ in short). The AO date of refund of the tax upon the appellate order till the date the taxes were finally paid after disposal of the reference. The assessee filed writ petitions in the High Court challenging the ... Access This Document
SUBJECT : INCOME TAX ACT, 1961 INDIA TRADE PROMOTION ...
These appeals by India Trade Promotion Organisation under Section 260A of the Income Tax Act, 1961 (Act, for short) relate to Assessment The words used in the Section 244A are “where refund of any amount becomes due and payable to the assessee under the Act”, the assessee shall ... Fetch Content
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