Electronic certificates of origin enable preferential tariffs under the India-New Zealand FTA when format, verification, and filing requirements are m...
Customs approval for liquid cargo exports extends designated jetty operations while existing boarding station and customs area limits remain unchanged...
Mandatory compliance document verification now conditions out-of-charge clearance for imported cosmetics, drugs, and medical devices through PGA-facil...
Double taxation of turnover requires holistic verification across separately registered units and permits limited rectification of overlapping assessm...
HC held that the refund claim's date of origin, not the formal application date, determines delay calculation. The court emphasized that when a refund request is made within an Income Tax Return, that date becomes the reference point for assessing delay and potential condonation. The delay from 1.4.2012 to 13.7.2012 (104 days) was considered. While the refund might be granted, no interest would be payable under section 244A due to the petitioner's eight-year delay. However, if the refund is not processed within six weeks of eligibility determination, interest would become applicable.
HC held that the refund claim's date of origin, not the formal application date, determines delay calculation. The court emphasized that when a refund request is made within an Income Tax Return, that date becomes the reference point for assessing delay and potential condonation. The delay from 1.4.2012 to 13.7.2012 (104 days) was considered. While the refund might be granted, no interest would be payable under section 244A due to the petitioner's eight-year delay. However, if the refund is not processed within six weeks of eligibility determination, interest would become applicable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
