https://www.taxtmi.com/caselaws?id=238777 The court upheld the judgment allowing interest on self-assessed tax refunds under Section 244A of the Income Tax Act. It ruled that the assessee is entitled to interest on excess tax payments, including self-assessed tax refunds, from the date of assessment till the refund date. The court rejected the revenue's argument that Section 244A (1) (b) does not cover self-assessment refunds, emphasizing that interest is payable on any amount due to the assessee under the Act. The appeal was dismissed, affirming the entitlement to interest on self-assessed tax refunds. en-us Tue, 08 Oct 2013 00:00:00 +0530 Thu, 31 Oct 2013 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238777 The court upheld the judgment allowing interest on self-assessed tax refunds under Section 244A of the Income Tax Act. It ruled that the assessee is entitled to interest on excess tax payments, including self-assessed tax refunds, from the date of assessment till the refund date. The court rejected the revenue's argument that Section 244A (1) (b) does not cover self-assessment refunds, emphasizing that interest is payable on any amount due to the assessee under the Act. The appeal was dismissed, affirming the entitlement to interest on self-assessed tax refunds. Case-Laws Income Tax Tue, 08 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238777