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2013 (5) TMI 105 - AT - Income TaxGranting of interest on MAT credit u/s 244A - Held that - The assessee was entitled to a refund of excess tax paid over and above the tax which was computed as being due and payable. Interest under section 244A was allowable. In the absence of any distinguishing feature brought on record by the Revenue, we respectfully following the decision of the Hon'ble jurisdictional High Court in CIT vs. Tulsyan NEC Ltd. [2010) 12 TMI 23 SC] which is binding on us. In this view of the matter we are of the view that there is no mistake in the order of the Tribunal, therefore, the Misc. Applications filed by the Revenue for the assessment years 1998-99 & 1999-2000 are rejected.In the result, Revenue's Misc. Applications stand dismissed.
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