Tax refund interest can't be denied over ITR mistake: ITAT
A Mumbai income-tax appellate tribunal (ITAT) ruling says taxpayers cannot be denied interest on tax refunds merely for making mistakes in their income-tax returns. The tribunal held that refund interest can be withheld only if the tax department proves the taxpayer caused a delay. The case involved an AY 2012-13 taxpayer whose capital gains claim was later accepted as long-term.
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