25 April 2014
Sir, Penalty u/s 276(1)(c) was levied on assessee for undisclosed income and was susequently paid. Further we went for appeal for non-imposition of penalty U/s 276(1)(c) and it was in our favour. Whether the assessee should get interest on this refund of amount of penalty from the dept. Kindly help me out as soon as possible.
CAclubindia
