{"id":26874,"date":"2022-05-04T21:49:17","date_gmt":"2022-05-04T16:19:17","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-syndicate-bank-2021-133-taxmann-com-215-karn-hc-editor-notice-issued-in-slp-filed-by-the-revenue-pcit-v-canara-bank-2022-284-taxman-449-sc\/"},"modified":"2022-05-04T21:49:17","modified_gmt":"2022-05-04T16:19:17","slug":"pcit-v-syndicate-bank-2021-133-taxmann-com-215-karn-hc-editor-notice-issued-in-slp-filed-by-the-revenue-pcit-v-canara-bank-2022-284-taxman-449-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-syndicate-bank-2021-133-taxmann-com-215-karn-hc-editor-notice-issued-in-slp-filed-by-the-revenue-pcit-v-canara-bank-2022-284-taxman-449-sc\/","title":{"rendered":"PCIT v. Syndicate Bank (2021) 133 taxmann.com 215 (Karn.)(HC) Editor : Notice issued in SLP filed by the revenue ;PCIT v. Canara Bank (2022) 284 Taxman 449 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue\u00a0 Court held that section 244A was inserted by Direct Tax Laws (Amendment) Act, 1987 with effect from 1-4-1989 and was made applicable for assessment year 1989-90 onwards and thus, if interest on any excess advance tax paid in a financial year had to be computed after 1-4-1989, same had to be computed in accordance with section 244A only. Followed\u00a0 PCIT v. Carrier Air Conditioning &amp; Refrigeration Ltd (2016) 387 ITR 441 (P&amp; H)(HC)\u00a0 <strong>\u00a0<\/strong>(AY. 2004-05)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 244A : Refund-Interest on refunds-Excess advance tax paid-Entitle to interest. <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-26874","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6Zs","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=26874"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26874\/revisions"}],"predecessor-version":[{"id":26875,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26874\/revisions\/26875"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=26874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=26874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}