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2023 (8) TMI 1115 - ITAT PUNERectification u/sec. 154 - interest on refund had not been calculated till the date of refund hence, needs to be modified - HELD THAT:- As in this case, in the refund amount calculated, there was no interest given to the assessee. This is in direct contravention to sec. 244(1A) - CIT(A) had allowed the appeal of the assessee in the original order dated 21/11/2011. Thereafter, the order giving effect was passed and after which the rectification order u/sec. 154 was passed determining the refund amount - Department should have, at that stage itself, calculated the interest component and should have handed-over to the assessee. In this case, there is no failure on the part of the assessee as contemplated and submitted by the Department u/sec. 244A(2) - We, therefore, set aside the order of the NFAC and direct the AO to calculate the interest as per law and remit the same to the assessee. The grounds of appeal stands allowed.
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