Interest on tax refunds: resident deductors entitled to interest on excess withholding, aligning departmental practice with judicial principle. Refunds of tax withheld in excess to resident deductors must include interest from the date of payment of the tax, reflecting the principle that sums retained without right carry an obligation to reimburse with accrued interest; departmental officers should not file or press appeals contesting interest liability and must align refund practice accordingly.
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: resident deductors entitled to interest on excess withholding, aligning departmental practice with judicial principle.
Refunds of tax withheld in excess to resident deductors must include interest from the date of payment of the tax, reflecting the principle that sums retained without right carry an obligation to reimburse with accrued interest; departmental officers should not file or press appeals contesting interest liability and must align refund practice accordingly.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
