https://www.taxtmi.com/caselaws?id=9511 The court ruled in favor of the petitioner, holding that they were entitled to interest under section 244 of the Income-tax Act from April 1, 1978, to the date of actual payment of the excess/refund amount. The court found that sections 132B(4) and 244 operate in different fields and do not overlap. The court quashed the Commissioner of Income-tax's order denying interest and allowed the writ petition, granting the petitioner interest on the interest amount at 12 percent per annum from the date of the refund until the date of actual payment. en-us Wed, 14 Dec 2005 00:00:00 +0530 Tue, 23 Jun 2009 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9511 The court ruled in favor of the petitioner, holding that they were entitled to interest under section 244 of the Income-tax Act from April 1, 1978, to the date of actual payment of the excess/refund amount. The court found that sections 132B(4) and 244 operate in different fields and do not overlap. The court quashed the Commissioner of Income-tax's order denying interest and allowed the writ petition, granting the petitioner interest on the interest amount at 12 percent per annum from the date of the refund until the date of actual payment. Case-Laws Income Tax Wed, 14 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9511