[aaykarbhavan] HC follows SC’s ruling in Savdik’s case; directs revenue to pay compensation if payment of interest was delayed

 

HC follows SC's ruling in Savdik's case; directs revenue to pay compensation if payment of interest was delayed

September 25, 2014[2014] 49 taxmann.com 142 (Andhra Pradesh)

IT : If tax, interest, penalty, etc., has been collected in excess and it is withheld beyond permissible period under Act, Revenue should compensate for same

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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