Monday 7 December 2015

Assessee had to pay interest from beginning if refund order was vacated and original demand was revi

IT : Where pursuant to High Court's order, impugned order passed by Tribunal granting refund to assessee was set aside and demand of tax was restored, assessee was liable to pay interest under section 220(2) on unpaid tax liability from date of original order to order passed by Assessing Officer giving effect to order of High Court

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