Due to pending demand of Income tax of AY 2007-08 we have deposited Rs.83000 in 2/2015 and Rs. 17000 of AY2014-15 refund adjusted. Now ITAT has given order in our favour and we got Refund of Rs.83000+17000=100000/-. My Question is -can we get interest 6% p.a. on above amount for the period it hold by IT dept?
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Interest on income tax refund
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Yes, but from the date of revised order.....
ITAT has order in 5/2017, so from 05/2017 to till date? is it so?
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