https://www.taxtmi.com/caselaws?id=233520 The Tribunal dismissed the Revenue's Misc. Applications for the assessment years 1998-99 & 1999-2000, upholding the original order to allow interest u/s 244A based on the High Court's decision in Apar Industries Ltd. The Tribunal found that interest was permissible on refundable taxes after adjustments, emphasizing that excess tax payments leading to refunds warranted interest. The Revenue failed to present grounds to challenge the High Court's binding decision, resulting in the Tribunal affirming the allowance of interest to the appellant company post-MAT credit adjustments. en-us Fri, 08 Feb 2013 00:00:00 +0530 Sat, 04 May 2013 08:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233520 The Tribunal dismissed the Revenue's Misc. Applications for the assessment years 1998-99 & 1999-2000, upholding the original order to allow interest u/s 244A based on the High Court's decision in Apar Industries Ltd. The Tribunal found that interest was permissible on refundable taxes after adjustments, emphasizing that excess tax payments leading to refunds warranted interest. The Revenue failed to present grounds to challenge the High Court's binding decision, resulting in the Tribunal affirming the allowance of interest to the appellant company post-MAT credit adjustments. Case-Laws Income Tax Fri, 08 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233520