https://www.taxtmi.com/caselaws?id=240755 The High Court of Allahabad dismissed the department's appeal under Section 260A of the Income Tax Act, affirming the assessee's entitlement to interest on the refunded tax amount under Section 244(1A). The Court held that interest under Section 244(1A) applies not only to assessment or penalty orders but also to refunds, including those arising from Settlement Commission proceedings. The Tribunal's decision in favor of the assessee was upheld, with the Court finding no grounds to interfere, resulting in the department's appeal being dismissed. en-us Tue, 13 Mar 2012 00:00:00 +0530 Wed, 11 Dec 2013 09:37:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240755 The High Court of Allahabad dismissed the department's appeal under Section 260A of the Income Tax Act, affirming the assessee's entitlement to interest on the refunded tax amount under Section 244(1A). The Court held that interest under Section 244(1A) applies not only to assessment or penalty orders but also to refunds, including those arising from Settlement Commission proceedings. The Tribunal's decision in favor of the assessee was upheld, with the Court finding no grounds to interfere, resulting in the department's appeal being dismissed. Case-Laws Income Tax Tue, 13 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240755