https://www.taxtmi.com/caselaws?id=241496 The High Court ruled in a case involving the interpretation of Section 244A of the Income Tax Act, 1961, regarding the allowance of interest on delayed refunds. The court emphasized the Assessing Officer's lack of authority to determine the period of delay attributable to the assessee under Section 244A(2) without the decision of the Chief Commissioner or Commissioner. While partially favoring the respondent assessee by dismissing the appeal against the Assessing Officer's direction to deny interest on delayed refunds, the court highlighted the importance of procedural adherence to accurately determine interest exclusion periods under Section 244A(2). en-us Wed, 11 Dec 2013 00:00:00 +0530 Wed, 25 Dec 2013 06:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241496 The High Court ruled in a case involving the interpretation of Section 244A of the Income Tax Act, 1961, regarding the allowance of interest on delayed refunds. The court emphasized the Assessing Officer's lack of authority to determine the period of delay attributable to the assessee under Section 244A(2) without the decision of the Chief Commissioner or Commissioner. While partially favoring the respondent assessee by dismissing the appeal against the Assessing Officer's direction to deny interest on delayed refunds, the court highlighted the importance of procedural adherence to accurately determine interest exclusion periods under Section 244A(2). Case-Laws Income Tax Wed, 11 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241496