https://www.taxtmi.com/caselaws?id=244834 The Tribunal upheld the order of the ld. CIT(A) and dismissed the appeal, ruling that interest on interest u/s 244A is not admissible. The assessee is entitled only to simple interest as per the statutory framework, based on the interpretation of relevant judicial precedents and the decision of the Hon'ble Apex Court. The Tribunal emphasized that interest on interest is not permissible under section 244A, resolving the issue in favor of the Revenue and against the assessee. en-us Wed, 26 Feb 2014 00:00:00 +0530 Mon, 10 Mar 2014 10:27:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244834 The Tribunal upheld the order of the ld. CIT(A) and dismissed the appeal, ruling that interest on interest u/s 244A is not admissible. The assessee is entitled only to simple interest as per the statutory framework, based on the interpretation of relevant judicial precedents and the decision of the Hon'ble Apex Court. The Tribunal emphasized that interest on interest is not permissible under section 244A, resolving the issue in favor of the Revenue and against the assessee. Case-Laws Income Tax Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244834