https://www.taxtmi.com/caselaws?id=242621 The Tribunal allowed the appeal in favor of the appellant, directing the Assessing Officer to grant interest under Sec. 244A from the date of the tax payment. The decision was based on judicial precedents emphasizing the statutory obligation to pay interest on wrongfully retained sums and clarifying that interest is payable from the date of tax payment if not falling under specified clauses. The Tribunal held that excess tax paid should be refunded with interest, contrary to the lower authorities' denial of interest on the refund arising from a tax payment made after 15 months from filing the return for A.Y. 2006-07. en-us Wed, 12 Jun 2013 00:00:00 +0530 Sun, 19 Jan 2014 09:44:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242621 The Tribunal allowed the appeal in favor of the appellant, directing the Assessing Officer to grant interest under Sec. 244A from the date of the tax payment. The decision was based on judicial precedents emphasizing the statutory obligation to pay interest on wrongfully retained sums and clarifying that interest is payable from the date of tax payment if not falling under specified clauses. The Tribunal held that excess tax paid should be refunded with interest, contrary to the lower authorities' denial of interest on the refund arising from a tax payment made after 15 months from filing the return for A.Y. 2006-07. Case-Laws Income Tax Wed, 12 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242621