Interest on excess refunds cannot be charged where reassessment follows an earlier scrutiny assessment rather than being the first assessment.

Interest on excess refunds cannot be charged where reassessment follows an earlier scrutiny assessment rather than being the first assessment. https://www.taxtmi.com/highlights?id=104935 For interest on excess refund, a reassessment is a regular assessment only if it is the first assessment in the case. Where reassessment follows a scrutiny assessment, it does not meet that condition. Interest under section 234D therefore cannot be levied on an excess refund in those circumstances, and the charge is deleted. en-us Wed, 14 Oct 2026 06:17:13 +0530 Wed, 14 Oct 2026 06:17:13 +0530 TaxTMI RSS Generator Interest on excess refunds cannot be charged where reassessment follows an earlier scrutiny assessment rather than being the first assessment. https://www.taxtmi.com/highlights?id=104935 For interest on excess refund, a reassessment is a regular assessment only if it is the first assessment in the case. Where reassessment follows a scrutiny assessment, it does not meet that condition. Interest under section 234D therefore cannot be levied on an excess refund in those circumstances, and the charge is deleted. Highlights Income Tax Wed, 14 Oct 2026 06:17:13 +0530 https://www.taxtmi.com/highlights?id=104935