Income Tax 7 August 2026
Tax Refund Interest Ruled
The CESTAT Kolkata has ruled that 12 percent interest is payable on the refund of investigation-stage deposits, providing clarification on the tax refund rules in India. This decision is expected to impact taxpayers who have had to pay deposits during investigations and are now eligible for refunds.
The CESTAT Kolkata has made a significant ruling regarding tax refund interest. *Key points* of the ruling include:
- 12 percent interest is payable on the refund of investigation-stage deposits.
- This decision provides clarification on the tax refund rules in India.
- Taxpayers who have had to pay deposits during investigations and are now eligible for refunds will be impacted by this ruling.
The ruling is based on the Indian tax law and is expected to have significant implications for taxpayers. For more information, visit the original source.
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