https://www.taxtmi.com/caselaws?id=753727 ITAT Delhi allowed the assessee's appeal for refund of excess taxes paid. The tribunal found that the assessee was entitled to refund under section 240(b) of the Income Tax Act. The department had computed a refund of Rs. 65,99,880 but the correct refund was Rs. 73,40,257, resulting in short payment of Rs. 7,40,377. The excess payment was verified through Form 26AS showing advance tax of Rs. 33,71,360 and TDS of Rs. 44,68,604. The tribunal directed revenue authorities to refund the due amount with interest under section 244A. en-us Thu, 06 Jun 2024 00:00:00 +0530 Sat, 08 Jun 2024 09:05:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753727 ITAT Delhi allowed the assessee's appeal for refund of excess taxes paid. The tribunal found that the assessee was entitled to refund under section 240(b) of the Income Tax Act. The department had computed a refund of Rs. 65,99,880 but the correct refund was Rs. 73,40,257, resulting in short payment of Rs. 7,40,377. The excess payment was verified through Form 26AS showing advance tax of Rs. 33,71,360 and TDS of Rs. 44,68,604. The tribunal directed revenue authorities to refund the due amount with interest under section 244A. Case-Laws Income Tax Thu, 06 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753727