https://www.taxtmi.com/caselaws?id=118532 The ITAT Mumbai upheld the CIT(A)'s decision, affirming the assessee's entitlement to interest under section 244A on excess self-assessment tax paid. The Tribunal rejected the revenue's appeal, emphasizing that section 244A covers refunds from self-assessment tax payments, aligning with CBDT Circulars and previous Tribunal decisions. The revenue's arguments, referencing a Supreme Court case on customs duty, were distinguished due to specific provisions in the Income-tax Act regarding interest on refunds. en-us Tue, 20 Dec 2005 00:00:00 +0530 Fri, 05 Apr 2024 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118532 The ITAT Mumbai upheld the CIT(A)'s decision, affirming the assessee's entitlement to interest under section 244A on excess self-assessment tax paid. The Tribunal rejected the revenue's appeal, emphasizing that section 244A covers refunds from self-assessment tax payments, aligning with CBDT Circulars and previous Tribunal decisions. The revenue's arguments, referencing a Supreme Court case on customs duty, were distinguished due to specific provisions in the Income-tax Act regarding interest on refunds. Case-Laws Income Tax Tue, 20 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118532