https://www.taxtmi.com/caselaws?id=330822 The Tribunal held that the delay in the refund was not attributable to the assessee, granting interest from 1.4.2003 to 20.7.2006 under Sec. 244A(1) of the Income Tax Act. The Revenue's contention of the delay being partly due to the assessee was rejected. The Tribunal directed the Assessing Officer to recalculate the interest owed to the assessee. Additionally, the Tribunal disagreed with the CIT(A)'s decision to escalate the matter to higher authorities. Ultimately, the assessee's appeal was successful, overturning the CIT(A)'s ruling. en-us Fri, 22 Jul 2016 00:00:00 +0530 Sat, 06 Aug 2016 13:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330822 The Tribunal held that the delay in the refund was not attributable to the assessee, granting interest from 1.4.2003 to 20.7.2006 under Sec. 244A(1) of the Income Tax Act. The Revenue's contention of the delay being partly due to the assessee was rejected. The Tribunal directed the Assessing Officer to recalculate the interest owed to the assessee. Additionally, the Tribunal disagreed with the CIT(A)'s decision to escalate the matter to higher authorities. Ultimately, the assessee's appeal was successful, overturning the CIT(A)'s ruling. Case-Laws Income Tax Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330822