https://www.taxtmi.com/caselaws?id=28393 Interest on excess profits tax refunds under section 14A(7) runs only from payment made pursuant to the provisional assessment, not from an earlier payment under a superseded regular assessment, so the claim for an earlier commencement date was rejected. Refund of excess profits tax and the related interest had to be referable to the assessed firm as the taxable entity, and could not validly be adjusted against the separate tax liabilities of individual partners. The partner-wise adjustments were therefore held improper to that extent, and relief was confined to the amounts wrongly adjusted against the identified partners. en-us Thu, 19 Aug 1982 00:00:00 +0530 Mon, 22 Feb 2010 12:07:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28393 Interest on excess profits tax refunds under section 14A(7) runs only from payment made pursuant to the provisional assessment, not from an earlier payment under a superseded regular assessment, so the claim for an earlier commencement date was rejected. Refund of excess profits tax and the related interest had to be referable to the assessed firm as the taxable entity, and could not validly be adjusted against the separate tax liabilities of individual partners. The partner-wise adjustments were therefore held improper to that extent, and relief was confined to the amounts wrongly adjusted against the identified partners. Case-Laws Income Tax Thu, 19 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28393