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2015 (9) TMI 1354 - AT - Income TaxGrant interest U/S.244A on the self assessment tax paid - Revenue’s case is that self assessment tax in question is not entitled for section 244A interest and the same is further allowable in advance tax/TDS/TCS and taxes paid in compliance to a demand notice u/s. 156 - CIT(A) allowed interest - Held that:- View favouring the assessee holding self assessment tax to be entitled for section 244A interest has to be adopted in this backdrop of conflicting judicial precedents. We order accordingly and uphold the CIT(A)’s order - Decided against revenue Revenue’s second argument that the CIT(A) has ignored the Assessing Officer’s findings alleging the assessee to have caused delay in refund on account of non-furnishing of proof of tax payment nowhere forms part of adjudication in the lower appellate order. It is evident that the Assessing Officer’s relevant findings are only in the context of section 244A interest on TDS payment of ₹ 15,401/- nowhere germane to the issues raised in the instant appeal. The same is accordingly rejected. - Decided against revenue Interest on interest - Held that:- As decided in CIT, Gujarat vs. Gujarat Fluoro Chemicals [2013 (10) TMI 117 - SUPREME COURT] it is only that interest provided for under the statute which may be claimed by an assessee from the Revenue and no other interest on such statutory interest. We follow the hon’ble apex court’s decision and hold that the CIT(A) has erred in awarding interest on interest in assessee’s favour - Decided in favour of revenue
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