Income Tax Department bound to provide detailed calculations of amount of refund, amount of interest, rate of interest and period of interest.

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DID YOU KNOW that the Income Tax Department is bound to provide detailed calculations of tax refunds, amount of interest, rate of interest and the period for which interest is being calculated to an assessee?

DID YOU ALSO KNOW that our office represented an engineering design company in a writ petition where the Delhi High Court ordered the Income Tax Department to provide detailed calculations of the amount of refund and interest, rate of interest and the period for which interest has been calculated for refunds pertaining to 10 financial years.

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