https://www.taxtmi.com/caselaws?id=6443 Refund interest claims arising from assessments completed before the Income-tax Act, 1961 are governed by the transitional scheme in section 297(2)(i), not by section 66(7) of the Indian Income-tax Act, 1922. On the stated facts, the 1961 Act did not allow interest on the refund unless the case fell within section 243, and the assessee's claim did not satisfy that provision. The assessee was therefore not entitled to interest on the refund, and the appeal failed. en-us Tue, 06 Mar 1973 00:00:00 +0530 Fri, 31 Aug 2018 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6443 Refund interest claims arising from assessments completed before the Income-tax Act, 1961 are governed by the transitional scheme in section 297(2)(i), not by section 66(7) of the Indian Income-tax Act, 1922. On the stated facts, the 1961 Act did not allow interest on the refund unless the case fell within section 243, and the assessee's claim did not satisfy that provision. The assessee was therefore not entitled to interest on the refund, and the appeal failed. Case-Laws Income Tax Tue, 06 Mar 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6443