https://www.taxtmi.com/highlights?id=53633 Tax liability towards Interest on Income Tax Refund - The argument of the assessee is that since interest paid u/ss.234B, 234C &. 234D is not allowable as a deduction from taxable income, interest received should also not be taxed as income. - This argument is not acceptable. en-us Mon, 08 Jun 2020 11:17:45 +0530 Mon, 08 Jun 2020 11:17:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53633 Tax liability towards Interest on Income Tax Refund - The argument of the assessee is that since interest paid u/ss.234B, 234C &. 234D is not allowable as a deduction from taxable income, interest received should also not be taxed as income. - This argument is not acceptable. Highlights Income Tax Mon, 08 Jun 2020 11:17:45 +0530 https://www.taxtmi.com/highlights?id=53633