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‘Insertion of a brand new Portion 244A in lieu of Sections 214, 243 and 244. Underneath the provisions of Area 214, curiosity was payable to the assessee on any surplus advance tax paid by him inside a economical 12 months through the 1st day of April up coming pursuing the reported monetary calendar year into the date of regular assessment. In case the refund was not granted within a few months from the stop from the month wherein the frequent assessment was done, Segment 243 offered for more payment of interest. Underneath Area 244, curiosity was payable on the assessee for hold off in payment of refund because of an order handed in appeal, and so forth., with the date next following the expiry of 3 months within the finish from the thirty day period during which this sort of get was handed to your day on which refund was granted. The rate of curiosity less than the many three sections was 15 for each cent for every annum.

Paycom Center appears to generally be 98% Thunder enthusiasts, with only incredibly compact pockets of Pacers enthusiasts noticeable of their yellow shirts sticking out from the remainder of the arena in Thunder blue.

Sam Presti, the group’s prime basketball govt since 2007, “could be the only GM in America who texts with the mayor,” the mayor himself, David Holt, said with a giggle in his office, which is decorated with a framed Thunder jersey.

The Pacers, who pulled off not less than just one unbelievable comeback in Each individual round with the playoffs, will now enter the offseason with some level of uncertainty after getting appear the closest the franchise has ever come to an NBA title. If Haliburton contains a torn Achilles, he may well skip Everything of the 2025-26 season.

6. Can the desire paid out (under Part 234B or Part 234C together with other allied sections) be set off towards the fascination receivable beneath Area 244A on receipt of refund by the assessee?

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There was a second to keep in mind with 30 seconds still left, as Shai Gilgeous-Alexander checked out and gave his mentor a hug.

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It hangs on the left from the desk where, this 7 days, Holt signed an settlement which will preserve the staff in Oklahoma Town by 2053 and will prolong up to fifteen added many years.

Part 237 on the Money Tax Act, 1961 discounts with Money Tax refund of excessive tax compensated via the assessee. If anyone or assessee satisfies the examining officer that the quantity of the tax compensated by him or paid by anyone on his behalf throughout any prior assessment year exceeds the quantity with which He's thoroughly chargeable beneath the act for that calendar year, He's have a peek at this site entitled to refund of surplus amount paid out.