https://www.taxtmi.com/caselaws?id=262787 The Tribunal ruled that the assessee is entitled to interest on refunds of Rs. 40,442/- and Rs. 11,138/- under section 244(1)(a) of the Act, based on precedents from the Special Bench and the Hon'ble Gujarat High Court. However, the claim for interest on interest was rejected in accordance with the Supreme Court's decision. The appeals were partially allowed, granting interest on the refunds but denying interest on interest. en-us Wed, 05 Aug 2015 00:00:00 +0530 Wed, 12 Aug 2015 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262787 The Tribunal ruled that the assessee is entitled to interest on refunds of Rs. 40,442/- and Rs. 11,138/- under section 244(1)(a) of the Act, based on precedents from the Special Bench and the Hon'ble Gujarat High Court. However, the claim for interest on interest was rejected in accordance with the Supreme Court's decision. The appeals were partially allowed, granting interest on the refunds but denying interest on interest. Case-Laws Income Tax Wed, 05 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262787