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2015 (1) TMI 1159 - HC - Income TaxInterest under Section 244A and 244(1A) - revision u/s 263 - Held that:- CIT had no jurisdiction to pass revision order u/s.263 on 12.03.03. On that day, the order of this court dt.30.07.01 did exist. On the contrary, this order has become final. As regards grant of interest on refund, we find that Tribunal was justified in holding that refund should be granted with interest. Accordingly, we hold that the Tribunal was right in law in directing the Assessing Officer to allow interest under Section 244A and 244(1A) of the I.T Act. - Decided in favour of assessee.
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