https://www.taxtmi.com/caselaws?id=270962 The Tribunal upheld the assessee's entitlement to interest on the excess TDS claim from the 1st day of the assessment year, in line with the Bombay High Court's decision in a similar case. The Tribunal ruled in favor of the assessee, directing the assessing officer to grant interest on the excess TDS claim from 01-04-2004, emphasizing that timely deduction and deposit of tax entitles the assessee to interest on TDS from the beginning of the assessment year, as per Section 244A of the Income Tax Act, 1961. en-us Wed, 23 Dec 2015 00:00:00 +0530 Wed, 20 Jan 2016 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270962 The Tribunal upheld the assessee's entitlement to interest on the excess TDS claim from the 1st day of the assessment year, in line with the Bombay High Court's decision in a similar case. The Tribunal ruled in favor of the assessee, directing the assessing officer to grant interest on the excess TDS claim from 01-04-2004, emphasizing that timely deduction and deposit of tax entitles the assessee to interest on TDS from the beginning of the assessment year, as per Section 244A of the Income Tax Act, 1961. Case-Laws Income Tax Wed, 23 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270962