Supreme Court · 1995 INSC 30 · Decided 13 January 1995
Commissioner of Income-Tax v. Chittor Electric Supply Corporation and ANR.
- Court
- Supreme Court of India
- Citation
- 1995 INSC 30 · [1995] 1 S.C.R. 231
- Case number
- CIVIL APPEAL No. 1413/1977
- Decided
- 13 January 1995
- Bench
- B.P. JEEVAN REDDY, N.P. SINGH, S.C. SEN (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 244(1)
Headnote
OF INCOME-TAX A v. CHITTOR ELECTRIC SUPPLY CORPORATION AND ANR. JANUARY 13, 1995 [B.P. JEEVAN REDDY, N.P. SINGH AND SUHAS C. SEN, JJ.) B Income Tax Act, 1961-Section 244(1)-lnterest on refund-Where a refund is due to assessee-Assessment made in 1966-Tax detennined paid-Appea~Assessment Commissioner's orde~eld, No-Proviso to Sec. 240 was merely clarificatary. The assessee-respondent, a limited company was taken over by the D Government. The company received compensation therefor, which amount was brought to tax. Original assessment was completed on January 31, 1966. On appeal,
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