Case Law Details
Case Name : Shri M. Jaffer Saheb (Decd.) Vs Commissioner of Income-Tax (Andhra Pradesh High Court)
Related Assessment Year :
Courts :
All High Courts Andhra Pradesh HC
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The Andhra Pradesh HC has held in the case Shri M. Jaffer Saheb (Decd.) Vs. CIT that interest granted under Section 244A of the Act on income tax refund is chargeable to tax on accrual basis and has to be spread over the respective years for which interest is being granted. Accordingly, the entire interest on income tax refund cannot be taxed in the year in which order of the ITAT is passed.
High Court of Andhra Pradesh
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