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
While filing his return for AY 2022-23, he mistakenly treated Rs 25.42 lakh in interest from the bonds as taxable income. (Image for representative purpose only) What if you end up paying taxes on a tax-free income? Will you be refunded? In one such case a senior citizen man erroneously ended up paying tax on…