https://www.taxtmi.com/caselaws?id=103988 Interest under section 244(1A) was held payable on refund of interest earlier levied under section 217. The Tribunal followed binding High Court authority and accepted that, where the Revenue retains interest not lawfully due and later refunds it, the assessee is entitled to interest on that refund. The Revenue's reliance on the definitions of "tax" and "interest" to argue that section 244(1A) covers only tax or penalty refunds was rejected. The assessee therefore succeeded on the claim for interest on the refunded interest amount. en-us Fri, 02 Feb 2001 00:00:00 +0530 Sat, 25 Feb 2012 12:30:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103988 Interest under section 244(1A) was held payable on refund of interest earlier levied under section 217. The Tribunal followed binding High Court authority and accepted that, where the Revenue retains interest not lawfully due and later refunds it, the assessee is entitled to interest on that refund. The Revenue's reliance on the definitions of "tax" and "interest" to argue that section 244(1A) covers only tax or penalty refunds was rejected. The assessee therefore succeeded on the claim for interest on the refunded interest amount. Case-Laws Income Tax Fri, 02 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103988