Supreme Court · 2013 INSC 785 · Decided 26 November 2013

Chironjilal Sharma Huf v. Union of India and ORS.

Court
Supreme Court of India
Citation
2013 INSC 785 · [2013] 11 S.C.R. 666
Case number
CIVIL APPEAL No. 10601/2013
Decided
26 November 2013
Bench
RAJENDRA MAL LODHA, MADAN B. LOKUR, KURIAN JOSEPH (3-judge bench)
Outcome
Appeal(s) allowed
Case type
Civil
Acts & sections cited
Income Tax Act Section 1328(4)(b)

Headnote

Income Tax Act, 1961 - s.1328(4)(b) - Payment of C interest on delayed assessment- Search conducted in house of appellant - Cash amount of Rs. 2,35,0001- recovered - Order passed u/s.132(5) on 31.5.1990 - Assessing Officer (A.O.) calculated tax liability and cash seized in search from - Order of A. 0. set-aside by D Tribunal - Revenue accepted the order of Tribunal - Appellant got refund of Rs.2,35,0001- alongwith interest from 4.3.1994 (date of last of the regular assessments by A.O.) until the date of refund - Claim of appellant-assessee for interest u/s.1328(4)(b) for

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