https://www.taxtmi.com/caselaws?id=253582 The court held that interest is payable on the refund of excess tax paid on self-assessment under Section 140A, applying the principle established in Union of India v/s Tata Chemicals. It clarified that interest is due on any refunded amount under Section 244A(1) and that the CBDT Circular No. 549 supports this interpretation. Interest should be calculated from the date of payment of the self-assessment tax to the date of refund. The court set aside the previous order and directed the Assessing Officer to compute and pay the interest owed to the petitioner within six weeks, with no costs awarded. en-us Mon, 17 Nov 2014 00:00:00 +0530 Thu, 13 Aug 2015 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253582 The court held that interest is payable on the refund of excess tax paid on self-assessment under Section 140A, applying the principle established in Union of India v/s Tata Chemicals. It clarified that interest is due on any refunded amount under Section 244A(1) and that the CBDT Circular No. 549 supports this interpretation. Interest should be calculated from the date of payment of the self-assessment tax to the date of refund. The court set aside the previous order and directed the Assessing Officer to compute and pay the interest owed to the petitioner within six weeks, with no costs awarded. Case-Laws Income Tax Mon, 17 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253582