Delayed Payment of Interest on Delayed Refund is Part of Principal Amount & Eligible for Interest u/s 244A

PCIT Vs Solan District Truck Operators Transport Co-op. Society (Himachal Pradesh High Court)

The issue under consideration is whether the delayed payment of interest on delayed refund becomes part of the principal amount will be eligible for interest under Section 244A?

High Court states that, as far as the submission of the appellant to the effect that there is no provision under Section 244-A of the Act in respect of payment of interest on delayed refund is concerned, t

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