https://www.taxtmi.com/caselaws?id=177919 The Tribunal upheld the Ld. CIT(A)'s decision regarding the short grant of interest under section 244A for the assessment year 1990-91. The Tribunal dismissed the Revenue's argument that the direction to deduct only the tax element from the refund was contrary to law, stating the assessee is entitled to interest on the refund as per section 244A(1). Additionally, the Tribunal directed the AO to recalculate the interest in line with a previous Tribunal decision on the calculation of tax, with the appellant's ground considered allowed for statistical purposes. en-us Wed, 22 Oct 2014 00:00:00 +0530 Fri, 22 Jan 2016 10:00:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177919 The Tribunal upheld the Ld. CIT(A)'s decision regarding the short grant of interest under section 244A for the assessment year 1990-91. The Tribunal dismissed the Revenue's argument that the direction to deduct only the tax element from the refund was contrary to law, stating the assessee is entitled to interest on the refund as per section 244A(1). Additionally, the Tribunal directed the AO to recalculate the interest in line with a previous Tribunal decision on the calculation of tax, with the appellant's ground considered allowed for statistical purposes. Case-Laws Income Tax Wed, 22 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177919