Interest on tax refunds: exclusion period now tied to the duration refund is withheld rather than assessment completion. The proviso to sub section (1A) of section 244A is amended to substitute the phrase ending the excluded period from 'the date on which such assessment or reassessment is made' to 'the date up to which such refund is withheld', thereby making the exclusion period coextensive with the duration of refund withholding rather than the date of assessment or reassessment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest on tax refunds: exclusion period now tied to the duration refund is withheld rather than assessment completion.
The proviso to sub section (1A) of section 244A is amended to substitute the phrase ending the excluded period from "the date on which such assessment or reassessment is made" to "the date up to which such refund is withheld", thereby making the exclusion period coextensive with the duration of refund withholding rather than the date of assessment or reassessment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
