https://www.taxtmi.com/caselaws?id=68261 Interest on refund was payable where self-assessment tax under the Wealth-tax Act had been adjusted against an assessment demand that was later quashed, leaving no tax liability. The Tribunal treated section 34A(3A) as materially corresponding to section 244(1A) of the Income-tax Act and, following its earlier ruling, held that the refund remained eligible for interest even though no separate post-assessment recovery had been made. The excess amount became refundable once the assessment orders were cancelled, and the Revenue's appeal failed. en-us Thu, 12 May 1983 00:00:00 +0530 Mon, 28 Mar 2011 17:08:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68261 Interest on refund was payable where self-assessment tax under the Wealth-tax Act had been adjusted against an assessment demand that was later quashed, leaving no tax liability. The Tribunal treated section 34A(3A) as materially corresponding to section 244(1A) of the Income-tax Act and, following its earlier ruling, held that the refund remained eligible for interest even though no separate post-assessment recovery had been made. The excess amount became refundable once the assessment orders were cancelled, and the Revenue's appeal failed. Case-Laws Wealth-tax Thu, 12 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68261