Re: vivad se vishwas – return of 244A interest

sir, form 1 & 2 filed with 50% of disputed tax shown as payable. form 3 issued with 50% disputed tax plus proportionate interest allowed earlier u/s 244A. is it correct. please clarify.
regards,
ch. hari krishna

If he revenue has paid the excess interest based on the intimation , the revenue will be justified in  demanding the excess interests paid by them,  however the Act is silent on the issue . The assessee has no remedy than filing the writ before High Court , however it is not desirable .

 

 

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