Stamp valuation increases after registration-fee payment led to deletion of property-purchase addition within tolerance and without valuation referral...
Capital Asset Conversion Requires Proven Business Stock Treatment; Paper Consideration in Spousal Flat Transfers Does Not Create Taxable Business Inco...
Human-probability test defeats political donation deduction where banking records mask accommodation-entry fund layering and evidence shows non-genuin...
Interest on refunds of tax paid under a TDS-default demand is governed by Section 244A(1)(b) where the demand is set aside and the tax becomes refundable. That provision covers refunds not specifically falling within Section 244A(1)(a) and requires interest from the date of tax payment until the refund is granted. Section 244A(1B), inserted subsequently, does not deny interest otherwise payable under the pre-existing provision. Revenue retention of money without legal entitlement carries a corresponding obligation to refund the amount with statutory interest.
Interest on refunds of tax paid under a TDS-default demand is governed by Section 244A(1)(b) where the demand is set aside and the tax becomes refundable. That provision covers refunds not specifically falling within Section 244A(1)(a) and requires interest from the date of tax payment until the refund is granted. Section 244A(1B), inserted subsequently, does not deny interest otherwise payable under the pre-existing provision. Revenue retention of money without legal entitlement carries a corresponding obligation to refund the amount with statutory interest.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
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