Where the Revenue had granted income-tax refunds to the assessee for assessment years 2010-11 to 2014-15 without granting interest thereon, and the Revenue furnished a calculation of the amount of interest payable which was accepted by the assessee, the High Court directed the Revenue to credit the amount of interest due on the refunds to the assessee’s bank account within two weeks. (AY. 2010-11 to 2014-15).
Vidya R Iyer v. DCIT [2025] 173 taxmann.com 542 (Bom) (HC)
S. 244A: Refunds-Interest on refunds-Refund granted without interest-Interest directed to be credited.[Art. 226]
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