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2003 (12) TMI 7 - MADRAS HIGH COURTInterest on refund – advance tax - "whether the Tribunal is right in holding that the assessee is entitled to interest under section 244(1A) where the refund arises out of the advance tax paid by the assessee beyond the previous year under the first proviso to section 212(3A) of the Income-tax Act?" - On any adjustment being made, the amount adjusted becomes the tax paid pursuant to the order of assessment. - No error in the order of the Tribunal directing payment of interest under section 244(1A).
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