https://www.taxtmi.com/caselaws?id=62011 The Appellate Tribunal held that interest under section 244(1) of the Income-tax Act, 1961 should be paid on the refundable amount of interest under section 220(2). The Tribunal rejected the revenue's argument that interest should not be paid on interest if it becomes due but remains unpaid. It ruled in favor of the assessee, interpreting that section 244 encompasses any amount due to an assessee, including interest under section 220(2). The Tribunal dismissed the revenue's appeals, upholding the decision in favor of the assessee regarding the payment of interest on refundable amounts. en-us Thu, 13 Oct 1983 00:00:00 +0530 Mon, 17 Jan 2011 16:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62011 The Appellate Tribunal held that interest under section 244(1) of the Income-tax Act, 1961 should be paid on the refundable amount of interest under section 220(2). The Tribunal rejected the revenue's argument that interest should not be paid on interest if it becomes due but remains unpaid. It ruled in favor of the assessee, interpreting that section 244 encompasses any amount due to an assessee, including interest under section 220(2). The Tribunal dismissed the revenue's appeals, upholding the decision in favor of the assessee regarding the payment of interest on refundable amounts. Case-Laws Income Tax Thu, 13 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62011