Fraud classification show-cause notices founded on inconclusive forensic audit material cannot sustain action, permitting fresh proceedings on conclus...
Appellate enhancement limits protect against new income sources, while documented credits and prior-year investments resist unexplained-income additio...
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 
of 4912 
