https://www.taxtmi.com/caselaws?id=331304 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to re-compute the interest under Section 244A by adjusting the refund first against the interest component and then the balance towards the tax component. The Tribunal emphasized the importance of fairness, equity, and good conscience in the adjustment of refunds, highlighting that the interest component should be considered part of the "amount due" under Section 244A. en-us Thu, 11 Aug 2016 00:00:00 +0530 Mon, 22 Jun 2026 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331304 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to re-compute the interest under Section 244A by adjusting the refund first against the interest component and then the balance towards the tax component. The Tribunal emphasized the importance of fairness, equity, and good conscience in the adjustment of refunds, highlighting that the interest component should be considered part of the "amount due" under Section 244A. Case-Laws Income Tax Thu, 11 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331304