CEAT entitled to Interest on Income Tax Refund of Rs. 5.24 Cr as refund more than tax determined on Regular Assessment: Bombay HC [Read Order]

Bombay HC rules CEAT is entitled to Interest on Income Tax Refund of Rs. 5.24 Cr as refund more than tax determined on regular assessment
CEAT - Income Tax Refund - Bombay HC - tax - Bombay High Court - assessment - tax updates - tax news

The Bombay High Court held that CEAT entitled to interest on income tax refund of Rs. 5.24 crores as refund is more than tax determined on regular assessment. The appeal was filed under Section 260A of the Income Tax Act, 1961 impugning an order dated 5th December 2002 passed by the Income Tax Appellate Tribunal,…

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