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Karnataka HC: Wipro gets supplementary 3% interest on deferred tax refund
Case Law Details
- Case Name
- Wipro Limited Vs JCIT (Karnataka High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2008-09
- Courts
- All High Courts, Karnataka High Court
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Wipro Limited Vs JCIT (Karnataka High Court)
Karnataka High Court allowed the additional 3% interest on the delayed Income Tax Refund to Wipro ( Petitioner) from the Deputy Commissioner of Income Tax (DCIT) (Respondent).
The Petitioner approached the Writ Court to challenge the order in which the Respondent, DCIT, denied additional 3 percent interest on the allegedly delayed refund of amount related to Assessment Year 2008-09 and the Respondent denied its application filed under section 244A(1A) (“the Income Tax Act”).
The Petitioner argued that under section 115JB of the Income Tax Act, t...
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