https://www.taxtmi.com/caselaws?id=215232 The Tribunal upheld the CIT(A)'s decision to refund interest under section 234C, ruling that the assessee was not liable for interest when income was determined as a loss. Additionally, the Tribunal affirmed the grant of interest under section 244A on self-assessment tax refund, stating that the assessee was entitled to interest under the Act without specific distinction for self-assessment tax refunds. The Tribunal remitted the claim for interest on delayed grant of interest on self-assessment tax back to the Assessing Officer for review, allowing the assessee's appeal for statistical purposes and dismissing the revenue's appeal. en-us Fri, 08 Jun 2012 00:00:00 +0530 Thu, 26 Jul 2012 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215232 The Tribunal upheld the CIT(A)'s decision to refund interest under section 234C, ruling that the assessee was not liable for interest when income was determined as a loss. Additionally, the Tribunal affirmed the grant of interest under section 244A on self-assessment tax refund, stating that the assessee was entitled to interest under the Act without specific distinction for self-assessment tax refunds. The Tribunal remitted the claim for interest on delayed grant of interest on self-assessment tax back to the Assessing Officer for review, allowing the assessee's appeal for statistical purposes and dismissing the revenue's appeal. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215232