Senior citizen wrongly paid tax on Rs 25.42L interest; ITAT orders Rs 9.91L refund
Direct Source Verification:
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Each year, the senior citizen reported the interest earned from his investments in tax-free bonds under the ‘exempt income’ category in his income tax return (ITR). But made a mistake in one year. The man realised the error only after the deadline for filing a revised ITR had pas...
Each year, the senior citizen reported the interest earned from his investments in tax-free bonds under the ‘exempt income’ category in his income tax return (ITR). But made a mistake in one year. The man realised the error only after the deadline for filing a revised ITR had passed. He therefore approached the jurisdictional assessing officer (JAO) and filed a rectification application.
Original Source
https://timesofindia.indiatimes.com/business/india-business/senior-citizen-invested-rs-3-crore-in-tax-free-bonds-but-mistakenly-paid-tax-on-rs-25-42-lakh-interest-earnings-why-itat-delhi-ordered-rs-9-91-lakh-refund/articleshow/134595737.cms
