53% interest to be paid by Income Tax dept to an individual’s tax refund of Rs 6.42 lakh; Delhi High Court order

The Delhi High Court has ordered the Income Tax Department to pay Mr. Goel Rs 3.55 lakh in interest on a Rs 6.42 lakh tax refund. This significant interest, amounting to 53% of the refund, is for multiple assessment years and must be disbursed within eight weeks. The court's directive follows Mr.

from Tax-Wealth-Economic Times https://ift.tt/nHJci85