https://www.taxtmi.com/caselaws?id=168301 The High Court of Madhya Pradesh upheld the Tribunal's decision to allow interest under section 244(1A) of the Income Tax Act on the entire refund amount of Rs. 40,033 to the assessee. The Court emphasized that the liability to pay interest is on the refund amount due, and in this case, the Tribunal correctly determined the refund due to be Rs. 40,033. The Court ruled in favor of the assessee, directing the Income Tax Officer to pay interest on the entire refund amount, resolving the dispute in favor of the assessee against the Revenue. en-us Wed, 18 Jan 1989 00:00:00 +0530 Mon, 16 Feb 2015 17:33:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168301 The High Court of Madhya Pradesh upheld the Tribunal's decision to allow interest under section 244(1A) of the Income Tax Act on the entire refund amount of Rs. 40,033 to the assessee. The Court emphasized that the liability to pay interest is on the refund amount due, and in this case, the Tribunal correctly determined the refund due to be Rs. 40,033. The Court ruled in favor of the assessee, directing the Income Tax Officer to pay interest on the entire refund amount, resolving the dispute in favor of the assessee against the Revenue. Case-Laws Income Tax Wed, 18 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168301