Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (7) TMI 1335 - AT - Income TaxInterest under section. 244A calculation - whether the interest portion of the refund issued earlier was to be ignored for the purpose of calculating interest under section 244A of the Act, while determining the refund arising out of the order giving effect to the appellate order? - Held that:- In the assessee’s own case for various assessment years namely, 1991-92,1997-98,1999-2000,2007-08 and 2008-08 [2015 (2) TMI 152 - ITAT MUMBAI] wherein identical controversy has been adjudicated in favour of the assessee. The CIT(A) following the aforesaid precedents correctly upheld the plea of the assessee and directed the Assessing Officer to calculate the interest payable to the assessee under section 244A without reducing the interest under section 244A, which was a part of the refund earlier granted. - Decided in favour of assessee.
|