https://www.taxtmi.com/caselaws?id=177898 The Appellate Tribunal ITAT Mumbai dismissed the Revenue's appeals against the orders of Ld. CIT(A) for A.Yrs. 2002-03 and 2005-06 regarding the interpretation of section 244A. The Tribunal upheld the assessee's entitlement to simple interest on tax refunds, following the precedent set in a previous case for A.Y. 1997-98. The decision was based on consistency with the earlier ruling favoring the assessee, leading to the dismissal of the appeals and affirming the treatment of the interest portion in tax refunds in accordance with section 244A. en-us Wed, 03 Jul 2013 00:00:00 +0530 Thu, 02 Mar 2017 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177898 The Appellate Tribunal ITAT Mumbai dismissed the Revenue's appeals against the orders of Ld. CIT(A) for A.Yrs. 2002-03 and 2005-06 regarding the interpretation of section 244A. The Tribunal upheld the assessee's entitlement to simple interest on tax refunds, following the precedent set in a previous case for A.Y. 1997-98. The decision was based on consistency with the earlier ruling favoring the assessee, leading to the dismissal of the appeals and affirming the treatment of the interest portion in tax refunds in accordance with section 244A. Case-Laws Income Tax Wed, 03 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177898