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Calcutta HC Denies Interest on Refund Adjusted Beyond 20% Pending IT Appeal
Case Law Details
- Case Name
- Danieli India Limited Vs Union of India (Calcutta High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All High Courts, Calcutta High Court
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Danieli India Limited Vs Union of India (Calcutta High Court)
The Calcutta High Court, in the case of Danieli India Limited Vs Union of India, addressed the issue of whether a taxpayer is automatically entitled to interest under Section 244A of the Income Tax Act, 1961, on a refund amount that was released pursuant to a specific direction by the High Court, particularly when the underlying tax demand is still subject to appeal.
Background and Issue
The petitioner, Danieli India Limited, was entitled to refunds for the assessment years 2010-11 and 2017-18. However, the Income Tax Department adj...
