Scrutiny assessment

Jayant (Querist) 21 January 2015 This query is : Resolved
AO u/s 142(1) has completed the scrutiny assessmentfor AY 12-13 and worked out a refund but has not shown interest payment in the refund order which in fact should have been from the date of tax payment i.e 31st March 2012.

What is the remedy and how to claim interest

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Isaac Gabriel (Expert) 21 January 2015
File claim through your Auditor.Consult Auditor.

Anirudh (Expert) 21 January 2015
Dear Mr. Jayant,

He is only supposed to show the exact amount of refund. He will only order to work out the interest. When you receive the refund cheque, you will definitely find that there will be interest portion included in it. In case you don't get interest, then you can file an application u/s. 154 seeking rectification. I am quite sure that situation will not arise.

Guest (Expert) 21 January 2015
Well Advised by Mr.Isaac Gabriel the Senior Expert.Consult your Auditors, you could also seek the guidance from CA Club India of the same Forum whose E mail Id is below in this Thread Consisting of Professional Practising Chartered Accountants.