https://www.taxtmi.com/caselaws?id=207485 The Court allowed the revenue's appeal under Section 260A of the Income Tax Act, upholding interest liability under Section 214/244(1A) for the period between the refund ordered by the Tribunal and the subsequent recovery directed by the Court. The Court rejected the assessee's argument against interest liability, emphasizing that once a valid assessment was made and tax was due, interest applied. The recovery of the refunded amount with interest under Section 214 read with Section 244(1A) was deemed valid by the Court. en-us Mon, 21 Mar 2011 00:00:00 +0530 Wed, 14 Dec 2011 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207485 The Court allowed the revenue's appeal under Section 260A of the Income Tax Act, upholding interest liability under Section 214/244(1A) for the period between the refund ordered by the Tribunal and the subsequent recovery directed by the Court. The Court rejected the assessee's argument against interest liability, emphasizing that once a valid assessment was made and tax was due, interest applied. The recovery of the refunded amount with interest under Section 214 read with Section 244(1A) was deemed valid by the Court. Case-Laws Income Tax Mon, 21 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207485