https://www.taxtmi.com/caselaws?id=247044 The High Court of Madras ruled in favor of the assessee in a case concerning eligibility for interest on a refund arising from MAT credit under Section 244A of the Income Tax Act. The Court held that the assessee was entitled to interest on the refund amount after adjusting MAT credit and TDS. The Court remanded the matter to the Assessing Officer to calculate and grant interest on the refund in accordance with Section 244A of the Act, diverging from the decision of the Commissioner of Income Tax (Appeals) and upholding the claim of the assessee. en-us Wed, 02 Apr 2014 00:00:00 +0530 Tue, 17 Feb 2015 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247044 The High Court of Madras ruled in favor of the assessee in a case concerning eligibility for interest on a refund arising from MAT credit under Section 244A of the Income Tax Act. The Court held that the assessee was entitled to interest on the refund amount after adjusting MAT credit and TDS. The Court remanded the matter to the Assessing Officer to calculate and grant interest on the refund in accordance with Section 244A of the Act, diverging from the decision of the Commissioner of Income Tax (Appeals) and upholding the claim of the assessee. Case-Laws Income Tax Wed, 02 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247044