https://www.taxtmi.com/caselaws?id=67636 The Tribunal dismissed the Revenue's appeals and affirmed the allowance of interest under section 244(1A) on refunds resulting from the waiver of interest under sections 139(8) and 217. The decision was based on the interpretation that interest paid by the assessee should be considered part of the liability to pay income tax, entitling the assessee to interest under section 244(1A). The Tribunal relied on various High Court decisions, including a recent ruling by the Madras High Court, which supported the inclusion of interest in the definition of 'tax' for the purposes of section 244(1A). en-us Tue, 27 Jun 2000 00:00:00 +0530 Sat, 12 Mar 2011 10:51:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67636 The Tribunal dismissed the Revenue's appeals and affirmed the allowance of interest under section 244(1A) on refunds resulting from the waiver of interest under sections 139(8) and 217. The decision was based on the interpretation that interest paid by the assessee should be considered part of the liability to pay income tax, entitling the assessee to interest under section 244(1A). The Tribunal relied on various High Court decisions, including a recent ruling by the Madras High Court, which supported the inclusion of interest in the definition of 'tax' for the purposes of section 244(1A). Case-Laws Income Tax Tue, 27 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67636