TMI Blog2019 (5) TMI 753X X X X Extracts X X X X X X X X Extracts X X X X ..... d by later decision in the case of CIT Vs. Gujarat Fluoro Chemicals [ 2013 (10) TMI 117 - SUPREME COURT] in which, taking note of the said decision of Sandvik Asia Ltd., as well as the later amendment of law with effect from 01.04.1989 by insertion of Section 244A of the Act, the Hon'ble Supreme Court has clarified that it is only the interest provided for under Section 244A of the Act, which ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sing from the order of the learned Income Tax Tribunal, dated 13.10.2009, dismissing the Revenue's Appeal for Assessment Year 1993-1994 :- Whether in the facts and circumstances of the case, the Appellate Tribunal was right in holding that the Revenue should pay interest on interest, where there is no inordinate delay in payment of refund? 2. The learn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Act, which may be claimed by the Assessee on the refunds, and no other interest can be claimed by the Assessee. Paragraph No. 8 of the said Judgement of the Hon'ble Supreme Court is quoted below for ready reference:- 8. Further it is brought to our notice that the Legislature by the Act No. 4 of 1988 (w.e.f. 01.04.1989) has inserted Section 244A to the Act which provide ..... X X X X Extracts X X X X X X X X Extracts X X X X
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