Friday, 3 October 2014

S. 244A(1)(b): Refund of Self-Assessment tax is also entitled to interest

CIT vs. Indian Oil Corporation Ltd (Bombay High Court)

In view of the judgement of the Madras High Court in Cholamandalam Investment and Finance Ltd 294 ITR 438 (Special Leave Petition dismissed by the Supreme Court) and Sutlaj Industries Ltd 325 ITR 331 (Del) and the fact that there is nothing contrary, the Appeal of the department is dismissed.
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