Delhi High Court to Decide Interest on Tax Refund Calculation

The High Court of Delhi admitted an appeal concerning interest on tax refund for the assessment year 1994-95. The court will determine the date for calculating interest under section 244A(1)(b) solely for the mentioned assessment year, excluding the subsequent year 1995-96. The appellant is required to submit the paper book within three months.

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The High Court of Delhi admitted an appeal regarding interest on tax refund for the assessment year 1994-95. The court will examine the date for reckoning interest under section 244A(1)(b). The appeal is specific to the 1994-95 assessment year only, not for the subsequent year 1995-96. The appellant must file the paper book within three months.

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