https://www.taxtmi.com/caselaws?id=2282 Self-assessment tax paid under section 140A of the Income-tax Act, 1961, when adjusted against assessed tax on regular assessment, retains the character of tax paid in the assessment process and is not to be excluded for computing refund interest under section 244(1A). The Madras HC analysis states that, to the extent such payment remains to the assessee's credit, it is treated as amount paid in pursuance of the assessment order for interest computation. The cited earlier precedent supports inclusion of this payment in determining the interest payable on refund, so the position is affirmed against the Revenue. en-us Mon, 26 Feb 2007 00:00:00 +0530 Fri, 01 Aug 2008 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2282 Self-assessment tax paid under section 140A of the Income-tax Act, 1961, when adjusted against assessed tax on regular assessment, retains the character of tax paid in the assessment process and is not to be excluded for computing refund interest under section 244(1A). The Madras HC analysis states that, to the extent such payment remains to the assessee's credit, it is treated as amount paid in pursuance of the assessment order for interest computation. The cited earlier precedent supports inclusion of this payment in determining the interest payable on refund, so the position is affirmed against the Revenue. Case-Laws Income Tax Mon, 26 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2282