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2013 (3) TMI 662 - AT - Income TaxInterest on refund - Held that:- Assesse is entitled for the interest on refund according to the provision of section 244A(1) and the Ld.CIT(A) has not given any direction contrary to law. No justifiable reason to interfere with order passed by the Ld.CIT(A) directing the AO to exclude the interest element of refund earlier granted as the provisions of the I.T Act do not permit to include ‘interest’ within ‘refund’ in the given situation while deducting the amount of refund issued earlier, and therefore ground no 2 is hereby dismissed.
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