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Senior citizen paid ₹9.91 lakh tax on tax-free bond interest by mistake: How he got a refund

29 Sept 2026 · 29 Sept 2026Source: LiveMint — Money

A senior citizen from Gurugram mistakenly reported ₹25.42 lakh of tax-exempt bond interest as taxable income, resulting in excess tax of ₹9.91 lakh. After the assessing officer rejected his rectification plea, the ITAT directed that the income be treated as exempt and the refund granted.

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