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2010 (11) TMI 486 - AT - Income TaxScrutiny - Interest u/s 244A - TDS - Rectification of mistakes - the entire payment of self-assessment tax u/s 140A resulted in refund and the balance of ₹ 3,42,91,908 could be said to be arising out of excess payment of advance tax and TDS - It is not permissible for the authorities below to ignore the decision of the higher forum on the pretext that an appeal is filed in the Supreme Court which is pending or that steps are to be taken to file an appeal - Hon’ble Delhi High Court in the case of CIT v. Sutlej Industries Ltd. (2010 -TMI - 77624 - DELHI HIGH COURT) - Held that: when self-assessment tax is paid under section 140A of the Act the assessee is on principle entitled to interest on self-assessment tax paid in terms of section 244A(1)(b) of the Act from the date of payment of such amount upto the date on which refund is actually granted - Decided in the favour of the assessee
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