ITAT Delhi grants senior citizen Rs 9.91 lakh tax refund
In short
Mr Ajay Kumar Bakaya, a senior citizen from Gurgaon, won his case at ITAT Delhi on September 23, 2026.
The report says he had wrongly paid income tax on tax-free bond interest, first tried to fix it, and was turned down. He then went to the tribunal and got a Rs 9.91 lakh refund.
What the reporting says
Mr Ajay Kumar Bakaya, a senior citizen from Gurgaon, won a case at ITAT Delhi on September 23, 2026 after overpaying income tax on tax-free bond interest. The publisher summary says he had mistakenly paid tax on exempt interest income, filed a rectification application, and was initially rejected before taking the matter to tribunal. The immediate consequence was a Rs 9.91 lakh refund, while the exact tribunal reasoning is not fully detailed in the available reporting.
Why it matters
Mr Ajay Kumar Bakaya was reported to have won a case at ITAT Delhi on September 23, 2026 after mistakenly paying income tax on tax-free bond interest. The summary says his rectification request was rejected before he took the matter to tribunal, which resulted in a Rs 9.91 lakh refund. The issue matters to taxpayers holding tax-free bonds and to advisers handling exempt income claims.