High Court Confirms Taxpayer's Refund with Interest Despite Late Filing, Overruling Section 239(2)(c) of the Income Tax Act.

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....Interest on Delayed Refund - Whether the Tribunal was right in directing the assessing officer to grant refund where the return was filed on 29.03.1996 after one year from the end of the assessment year in violation of the provision of the Section 239(2)(c) of the Act? - held yes - HC....