Del. HC: Liquidated Damages Mentioned in Agreement Can’t be Awarded in Absence of Proof of Loss || MP HC: S.375 Marital Sex Exemption Also Provides Exemption Under Section 377 of IPC || SC: SARFAESI Doesn’t Give Any License to Bank Officers to Act Against the Scheme of Law || All. HC: Court Can’t Mechanically Reject Application for Waiving Off Cooling Period u/s 13B of HMA || Kar. HC: Acquittal Order Can’t be Put in Challenge by Stranger to the Case || Kar. HC: Alternate Remedy Can’t be Used as China Wall Against Invocation of Writ Jurisdiction || Bom. HC Upholds Constitutional Validity of Goa’s Green Cess Act || Del. HC: Not Court’s Business to Demonstrate Morality of an Act unless it has Caused Harm || Del. HC: Cost Accountants and Chartered Accountants Not Similarly Placed Under Law || SC: No Party Ought to be Vexed Twice in a Litigation for One and the Same Cause

No Revenue appeals against interest on refund of excess TDS- (Ministry of Finance ) (26 Apr 2016)

MANU/DTCR/0011/2016

Direct Taxation

The Central Board of Direct Taxes issued a notification stating that no appeals are to be filed against interest be claimed by a tax deduct on refund of excess TDS. It reiterated an earlier judgment of the Supreme Court wherein it was held, “Refund due and payable to the assessee is a debt-owed and payable by the Revenue.”

Relevant : Circular dated 23.10.2007 MANU/DTCR/0014/2007 Circular dated 20.4.2000 MANU/DTCR/0006/2000

Tags : LITIGATION REDUCTION TDS REFUND INTEREST

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