Sponsored
    Follow Us:

Case Law Details

Case Name : Union of India Vs. M/s Tata Chemicals Ltd. (Supreme Court)
Related Assessment Year :
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

In the case of UOI Vs. Tata Chemicals Ltd Hon’ble SC  held that resident/deductor is entitled not only the refund of tax deposited under Section 195(2) of the Act, but tax has to be refunded with interest from the date of payment of such tax.

Some of the Important Paras of the Hon;ble SC Order are as follows –

 The question before SC was, whether the resident/deductor is also entitled to interest on refund of excess deduction or erroneous deduction of

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

0 Comments

  1. Natabar Panda, Advocate, High Court of Orissa says:

    We must welcome the historic judgment of the Hon’ble Supreme Court in this aspect.In order to bring the rationality between Department and the assessee so far as refund is concerned, perhaps payment of interest from the date of deposit of tax would meet the ends of justice.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31