https://www.taxtmi.com/caselaws?id=116703 The appeal was allowed as the Assessing Officer's unilateral decision to decline interest under section 244A of the Income-tax Act without proper consideration and without affording the assessee a hearing violated principles of natural justice. The judgment highlighted that decisions on interest entitlement should involve a fair process, including hearing the assessee and allowing for adjudication by the Commissioner or Chief Commissioner. The authorities were directed to adjust the interest in accordance with the correct procedure outlined in the judgment, emphasizing the compensatory nature of interest under section 244A. en-us Fri, 30 Jan 2004 00:00:00 +0530 Fri, 15 Jun 2012 10:51:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116703 The appeal was allowed as the Assessing Officer's unilateral decision to decline interest under section 244A of the Income-tax Act without proper consideration and without affording the assessee a hearing violated principles of natural justice. The judgment highlighted that decisions on interest entitlement should involve a fair process, including hearing the assessee and allowing for adjudication by the Commissioner or Chief Commissioner. The authorities were directed to adjust the interest in accordance with the correct procedure outlined in the judgment, emphasizing the compensatory nature of interest under section 244A. Case-Laws Income Tax Fri, 30 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116703