24 December 2013
Sir, Section 234A is charged for delay in late filing of return of income.My Question is if any tax refund as on 31.03.2013 and return filed on 31.12.2013 is it this section will apply or not?
24 December 2013
No, 234A will applicable if there is no tax payable
Refer Dr. Pronnoy Roy & Anr. v. CIT, 254 ITR 755 . . Levy of interest u/s.234A was compensatory in character and was introduced for compensating the Government for the loss of revenue and as in the assessee’s case there was no loss of revenue, on payment by the assessee, no compensation was due to the Government. . .
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