https://www.taxtmi.com/caselaws?id=185455 The Appellate Tribunal dismissed the appeal filed by the revenue, upholding the decisions of the CIT(A) on the grant of interest under section 244A of the Income Tax Act on self-assessment tax and entitlement to interest on interest. The Tribunal emphasized the legislative intent of section 244A to compensate the assessee for fund usage by the Government and distinguished a previous High Court judgment cited by the revenue. Additionally, the Tribunal agreed with the CIT(A) on quantifying the period for interest payment on the interest due to the assessee, based on a Supreme Court decision. en-us Thu, 30 Sep 2010 00:00:00 +0530 Sat, 13 Aug 2016 10:42:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185455 The Appellate Tribunal dismissed the appeal filed by the revenue, upholding the decisions of the CIT(A) on the grant of interest under section 244A of the Income Tax Act on self-assessment tax and entitlement to interest on interest. The Tribunal emphasized the legislative intent of section 244A to compensate the assessee for fund usage by the Government and distinguished a previous High Court judgment cited by the revenue. Additionally, the Tribunal agreed with the CIT(A) on quantifying the period for interest payment on the interest due to the assessee, based on a Supreme Court decision. Case-Laws Income Tax Thu, 30 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185455