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2017 (10) TMI 179 - HC - Income TaxInterest payable u/s 244A(1)(b) on refund of excess amount – Excess amount paid on self-assessment - Held that:- When there is a self-assessment and tax is paid in terms of such self-assessment, the obligation to award interest does not arise. We do not think that it would be fair for the Revenue to demonstrate to us that the Division Bench judgment of this Court in Stock Holding Corporation of India Limited (2014 (11) TMI 899 - BOMBAY HIGH COURT), which discusses all these questions and answers them against the Revenue and in favour of the assessee, should be brushed aside or ignored. It is not shown to be per incuriam, nor is it demonstrated that this judgment has not been accepted by the Revenue, and therefore, challenged in the Hon'ble Supreme Court of India and that challenge is pending or this judgment has been reversed. In the absence of such material on record, we do not think that the Division Bench judgment, which discusses all the questions and which are identical to the present case, should be discarded in this manner. Division Bench judgment of this Court in Stock Holding Corporation of India Limited (supra), we answer each of these questions against the Revenue and in favour of the assessee
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