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2015 (6) TMI 930 - AT - Income TaxEligibility for interest on refund out of excess Self Assessment Tax paidas per clause (b) of Sub-section (1) of Section 244A - CIT(A) allowed claim - Held that:- Issue regarding grant of interest on self assessment is no more res-integra as Hon'ble Bombay High Court in the case of Stock Holding Corporation of India Ltd. vs. N.C. Tewari, the Commissioner of Income Tax, Mumbai &Others, [2014 (11) TMI 899 - BOMBAY HIGH COURT ] after considering various arguments of the Revenue, has held that AO has to compute the interest payable from the date of payment on self assessment tax till the date of refund. Respectfully following the same we hold that Ld. CIT(A) did not commit any error in granting the impugned interest to the assessee - Decided in favour of assessee.
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