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2014 (5) TMI 745 - AT - Income TaxLate grant of refund - Entitlement for interest on interest u/s 244A of the Act – Held that:- Following CIT v/s Gujarat Fluoro Chemicals [2013 (10) TMI 117 - SUPREME COURT] - the provisions of section 244A only provides for interest on refund under various contingencies, and only the interest as provided in the statute can be claimed by the assessee and no other interest on such interest, which has been to be computed u/s 244A of the Act - Thus, order of the CIT(A) is set aside and the matter is remitted back to the AO who shall compute the interest which is allowable u/s 244A – Decided in favour of Assessee.
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