https://www.taxtmi.com/caselaws?id=329928 The High Court examined the interpretation of section 244A of the Income-tax Act regarding the entitlement of interest claimed by the assessee. The court emphasized that only the interest provided for under the statute can be claimed by the assessee, not any additional interest on such statutory interest. Despite the appellant's contentions and allegations of legal errors by the Tribunal, the High Court upheld the Tribunal's decision to reject the claim for interest on interest, citing relevant legal provisions and precedents, and ultimately dismissed the appeals. en-us Mon, 20 Jun 2016 00:00:00 +0530 Wed, 13 Jul 2016 12:59:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329928 The High Court examined the interpretation of section 244A of the Income-tax Act regarding the entitlement of interest claimed by the assessee. The court emphasized that only the interest provided for under the statute can be claimed by the assessee, not any additional interest on such statutory interest. Despite the appellant's contentions and allegations of legal errors by the Tribunal, the High Court upheld the Tribunal's decision to reject the claim for interest on interest, citing relevant legal provisions and precedents, and ultimately dismissed the appeals. Case-Laws Income Tax Mon, 20 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329928