For Aditya M, Ramesh K, Sanjay G, Ravi S, B.C.W. & others

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 February 2011 Hello experts.. Please solve my query as below.

I received intimation u/s 143(1) for F.Y. 2007-08 yesterday.. along with refund due.

Is the intimation valid? though dated 31.03.10 but has arrived so late?

Further the interest allowed on refund is only upto 31.03.10 & not the date of refund cheque which is 17.02.2011

if interest given is less, what is the procedure to claim the balance interest?

Thanks a loads in advance.......

Aditya Maheshwari

Aditya Maheshwari (Expert)
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22 February 2011 Intimation as per date is valid. The requirement of act is sending and not receiving.

For interest upto the date of issue of cheque kindly write a letter to the concerned A. O. to issue refund upto the date of issuing cheque.

For further case laws see this link
http://www.itatonline.org/search.php?cx=partner-pub-6440093791992877%3Adkadzr-s6yc&cof=FORID%3A11&ie=ISO-8859-1&q=interest+244A+upto+date+of+refund&siteurl=itatonline.org%252F#1489

and this
http://www.itatonline.org/pdf/gujarat_flourochemicals_interest.pdf

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