https://www.taxtmi.com/caselaws?id=210061 The Court ruled in favor of the assessee, affirming their entitlement to interest under Section 244A on the refund of excess advance tax paid. The Court held that MAT credit is available for adjustment from the first day of the previous year, and the refund due to excess advance tax paid attracts interest under Section 244A. The Court dismissed the Revenue's appeal, emphasizing that the proviso to sub-Section (2) of Section 115JAA does not apply in this context. en-us Wed, 11 May 2011 00:00:00 +0530 Thu, 04 Jul 2013 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210061 The Court ruled in favor of the assessee, affirming their entitlement to interest under Section 244A on the refund of excess advance tax paid. The Court held that MAT credit is available for adjustment from the first day of the previous year, and the refund due to excess advance tax paid attracts interest under Section 244A. The Court dismissed the Revenue's appeal, emphasizing that the proviso to sub-Section (2) of Section 115JAA does not apply in this context. Case-Laws Income Tax Wed, 11 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210061