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2005 (5) TMI 35 - HC - Income TaxInterest u/s 244(1A) - "(a) Whether Tribunal was correct in granting the interest under section 244(1A) to the assessee from March 28, 1988 to the date of adjustment, i.e., July 25, 1991, and thereafter again from March 28, 1988, to the date of grant of refund on the principal sum? (b) Whether, Tribunal has correctly interpreted the provisions of sections 237, 240, 241, 244 and 245?" - an assessee would be entitled to refund upon passing of an order of assessment and/or even the order of the appellate authority. - appellate authority while relying upon the judgment of the Supreme Court in Modi Industries Ltd.'s case correctly arrived at the conclusion that interest is to be allowed to the assessee u/s 244(1A) on "tax refundable" as a result of any appeal or any order till the granting of the refund excluding the period of one month. On the facts, the findings recorded by the Income-tax Appellate Tribunal are final and in any case they cannot be stated to be perverse on any ground - no question of law much less a substantial question of law arises
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