https://www.taxtmi.com/caselaws?id=763131 The Kerala HC allowed the writ petition, quashing the demand for interest under Section 220(2) of the Income Tax Act, 1961, for the period between 1989 and 1991. The court found no legal basis for imposing such interest and directed the refund of the amount paid by the petitioner's late husband, including applicable interest, within a specified timeframe. Any demands for interest during the disputed period were declared invalid, and any amounts adjusted from refunds were ordered to be returned to the petitioner. The court's decision clarified the legal basis for demanding interest under the Income Tax Act. en-us Wed, 20 Nov 2024 00:00:00 +0530 Fri, 13 Dec 2024 07:23:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763131 The Kerala HC allowed the writ petition, quashing the demand for interest under Section 220(2) of the Income Tax Act, 1961, for the period between 1989 and 1991. The court found no legal basis for imposing such interest and directed the refund of the amount paid by the petitioner's late husband, including applicable interest, within a specified timeframe. Any demands for interest during the disputed period were declared invalid, and any amounts adjusted from refunds were ordered to be returned to the petitioner. The court's decision clarified the legal basis for demanding interest under the Income Tax Act. Case-Laws Income Tax Wed, 20 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763131