Respected Members,
During JAN 2014, amount of refund of an assessee already confirmed by CPC Bangalore i.e, Rs 41,240/= with interest u/s 244A for A.Y 2013-2014, BUT unfortunately, the amount was credited into his bank a/c on 16/04/2014.
My question :
Whether the above Assessee is Entitled to Interest u/s 244A from the date of confirmation of Refund amount( i.e, 10/01/2014 ) to the date on which Amount credited through ECS ( i.e, 16/04/2014 ) ?
Pls clarify with valid explanations.
Regards.
CAclubindia
