https://www.taxtmi.com/caselaws?id=63849 The Tribunal ruled in favor of the assessee (HUF) in a tax refund dispute. The assessment erroneously framed against the HUF instead of the individual was deemed legally impermissible. The Tribunal directed the refund of Rs. 4 lakhs paid by the HUF, along with interest, as the assessment was annulled. Interest under sections 234A, 234B, and 234C was not applicable to the HUF, distinct from the individual. The decision emphasized proper assessment framing based on the entity receiving notices, clarifying tax liability and interest interpretation under the law. The appeal by the assessee was allowed, overturning the CIT(A) order. en-us Fri, 05 Oct 2007 00:00:00 +0530 Wed, 25 Jul 2012 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63849 The Tribunal ruled in favor of the assessee (HUF) in a tax refund dispute. The assessment erroneously framed against the HUF instead of the individual was deemed legally impermissible. The Tribunal directed the refund of Rs. 4 lakhs paid by the HUF, along with interest, as the assessment was annulled. Interest under sections 234A, 234B, and 234C was not applicable to the HUF, distinct from the individual. The decision emphasized proper assessment framing based on the entity receiving notices, clarifying tax liability and interest interpretation under the law. The appeal by the assessee was allowed, overturning the CIT(A) order. Case-Laws Income Tax Fri, 05 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63849