https://www.taxtmi.com/caselaws?id=76877 The court ruled in favor of the Revenue, holding that the assessee was not entitled to claim interest under section 244A of the Income-tax Act on the refunded amount. The court emphasized that the discretionary waiver of interest by the Settlement Commission did not confer a legal right for the assessee to claim interest. The court set aside the orders of the Tribunal and Commissioner of Income-tax (Appeals), concluding that the assessee's attempt to claim interest was unjustified in the absence of a legal entitlement. en-us Wed, 09 Dec 2009 00:00:00 +0530 Sat, 24 Jul 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76877 The court ruled in favor of the Revenue, holding that the assessee was not entitled to claim interest under section 244A of the Income-tax Act on the refunded amount. The court emphasized that the discretionary waiver of interest by the Settlement Commission did not confer a legal right for the assessee to claim interest. The court set aside the orders of the Tribunal and Commissioner of Income-tax (Appeals), concluding that the assessee's attempt to claim interest was unjustified in the absence of a legal entitlement. Case-Laws Income Tax Wed, 09 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76877