https://www.taxtmi.com/caselaws?id=207036 Gujarat HC held that the definition of "month" in Section 3(35) of the General Clauses Act cannot be applied to Section 244A(1) for calculating interest on refund adjustments. The court rejected the assessee's contention that interest should be calculated based on calendar months, noting this would create unreasonable outcomes where tax paid on 31st January and refunded on 1st February would attract two full months' interest. The Tribunal erred in granting interest for complete months regardless of actual payment and refund dates. Decision favored revenue. en-us Tue, 13 Sep 2011 00:00:00 +0530 Wed, 09 Jul 2025 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207036 Gujarat HC held that the definition of "month" in Section 3(35) of the General Clauses Act cannot be applied to Section 244A(1) for calculating interest on refund adjustments. The court rejected the assessee's contention that interest should be calculated based on calendar months, noting this would create unreasonable outcomes where tax paid on 31st January and refunded on 1st February would attract two full months' interest. The Tribunal erred in granting interest for complete months regardless of actual payment and refund dates. Decision favored revenue. Case-Laws Income Tax Tue, 13 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207036