https://www.taxtmi.com/caselaws?id=210186 The Karnataka High Court ruled in favor of the assessee, affirming the entitlement to interest on excess tax refunds. The court clarified that interest under Section 244A should be calculated from the date of tax payment for cases falling outside specific clauses, emphasizing the legislative intent to ensure interest payment on excess tax refunds. The court upheld the decisions of the Appellate Commissioner and Tribunal, directing interest payment from the date of self-assessment tax payment by the Nationalized Bank, highlighting the importance of understanding the distinct provisions of Section 244A for determining the appropriate date for interest calculation on tax refunds. en-us Wed, 27 Jul 2011 00:00:00 +0530 Sat, 28 Apr 2012 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210186 The Karnataka High Court ruled in favor of the assessee, affirming the entitlement to interest on excess tax refunds. The court clarified that interest under Section 244A should be calculated from the date of tax payment for cases falling outside specific clauses, emphasizing the legislative intent to ensure interest payment on excess tax refunds. The court upheld the decisions of the Appellate Commissioner and Tribunal, directing interest payment from the date of self-assessment tax payment by the Nationalized Bank, highlighting the importance of understanding the distinct provisions of Section 244A for determining the appropriate date for interest calculation on tax refunds. Case-Laws Income Tax Wed, 27 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210186