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Income Tax Refund

[TAXSCAN 360] ITR Filed? Know Complete Details on Income Tax Refund

With the current deadline for filing your Income Tax Returns ( ITR ) for the Assessment Year 2024-2025 on July 31st, it's quite vital to know the...

No Income Tax Refund if you fail to e-Verify ITR: Know All Steps and Details Here

Taxpayers should Update your Bank Account for Refunds, says Income Tax Dept: Know How to Validate or...

CEAT entitled to Interest on Income Tax Refund of Rs. 5.24 Cr as refund more than tax determined on...

Non-Deposit of Income Tax Refund of Rs. 14.77 Lakhs as per Court Order: Himachal Pradesh HC directs...

Infosys set to Receive Income Tax Refund worth Rs. 6329 Cr

Infosys, in a recent exchange filing, disclosed that it is poised to receive a substantial tax refund of Rs 6,329 crore from the income tax department. The refund pertains to assessment years 07-08...

Case Digest on Tax Refund under Income Tax Act

Income tax refund means a refund amount that is initiated by the income tax department if the amount paid in taxes exceeds the actual amount due (either by way of TDS or TCS or Advance Tax or...

Tamil Actor D. Sivakarthikeyan receives Rs. 12.60 Lakh Income Tax Refund from Dept

Recently, Ayaalan Starrer-Tamil actor D. Sivakarthikeyan successfully obtained a refund of ₹12.60 lakh from the Income Tax department, marking the resolution of a TDS remittance issue before the...

Rajasthan HC directs Dept to Pay 6% Interest in lieu of Delayed VSVS Income Tax Refund [Read Order]

In a major move, a Division Bench of the Rajasthan High Court has recently directed the Income Tax Department to pay 6% interest for delayed refund under Direct Tax Vivad Se Vishwas Scheme (DTVSV...

World Series Hockey Pvt Ltd Directors Sentenced to Two Years in Prison for Service Tax Fraud

Last week, a special Central Bureau of Investigation (CBI) court sentenced two directors of World Series Hockey Pvt Ltd (WSHPL), to two years of rigorous imprisonment. The conviction stemmed from...

Income Tax Refund Adjusted against Outstanding Demands: Jharkhand HC quashes Criminal Proceedings [Read Order]

The Jharkhand High Court quashed the criminal proceedings under the Income Tax Act, 1961 as the income tax refund was adjusted against outstanding demands. Gunwant Singh Saluja, the petitioner...

Delhi HC directs to Issue Income Tax Refund to Nokia Corporation based on Indemnity Bond [Read Order]

The Delhi High Court in the case of Nokia Corporation directed to issue an income tax refund based on an indemnity bond. The principal sum claimed by Nokia Corporation, the petitioner was Rs....

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