https://www.taxtmi.com/caselaws?id=271765 The High Court upheld the Tribunal's decision, affirming that interest is payable on refunds of excess self-assessment tax under Section 244A(1)(b). The explanation to Section 244A(1)(b) does not bar such interest, and the issue is debatable, thus not rectifiable under Section 154. The court directed the revenue to compute and pay the interest due to the assessee within a reasonable time. The appeal was dismissed, and each party was directed to bear its own costs. en-us Tue, 02 Feb 2016 00:00:00 +0530 Tue, 16 Feb 2016 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271765 The High Court upheld the Tribunal's decision, affirming that interest is payable on refunds of excess self-assessment tax under Section 244A(1)(b). The explanation to Section 244A(1)(b) does not bar such interest, and the issue is debatable, thus not rectifiable under Section 154. The court directed the revenue to compute and pay the interest due to the assessee within a reasonable time. The appeal was dismissed, and each party was directed to bear its own costs. Case-Laws Income Tax Tue, 02 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271765