Re-calculation of Refund Receivable to Claim Interest on Refunds: ITAT Condones Delay of 98 Days [Read Order]

Re-calculation of Refund Receivable to - Claim Interest on Refunds - ITAT Condones Delay - TAXSCAN

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) restored the matter to the file of the Assessing Officer (AO) for proper verification and calculation of refund receivables to grant interest to the assessee under Section 244A of the Income Tax Act, 1961. In this case the total income of the assessee  Kapilaben Kanjibhai Patel…

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