Delay in refunds must be treated as a cause of serious concern for costs by way of interest, interest on interest and impairment of goodwill of government.

Delay in refunds must be treated as a cause of serious concern for costs by way of interest, interest on interest and impairment of goodwill of government. https://www.taxtmi.com/article/detailed?id=1211 Where returns are filed and accepted with no scrutiny notice, a refund claim supported by excess tax credit in Form 26AS and complete ECS/bank details constitutes a simplified refund case that should be promptly paid by ECS; if ECS is unavailable or fails the assessing officer must send a refund cheque. Unreconciled TDS entries in Form 26AS should not justify withholding the entire refund-payment may be made to the extent of credited amounts while reconciliation proceeds separately. en-us Thu, 17 Mar 2011 23:45:35 +0530 Thu, 17 Mar 2011 23:45:35 +0530 TaxTMI RSS Generator Delay in refunds must be treated as a cause of serious concern for costs by way of interest, interest on interest and impairment of goodwill of government. https://www.taxtmi.com/article/detailed?id=1211 Where returns are filed and accepted with no scrutiny notice, a refund claim supported by excess tax credit in Form 26AS and complete ECS/bank details constitutes a simplified refund case that should be promptly paid by ECS; if ECS is unavailable or fails the assessing officer must send a refund cheque. Unreconciled TDS entries in Form 26AS should not justify withholding the entire refund-payment may be made to the extent of credited amounts while reconciliation proceeds separately. Articles Income Tax Thu, 17 Mar 2011 23:45:35 +0530 https://www.taxtmi.com/article/detailed?id=1211