https://www.taxtmi.com/caselaws?id=350097 The Tribunal upheld the CIT(A)'s order, directing the adjustment of the refund first towards the interest due and then towards the tax due. The decision was based on principles of fairness and consistency in tax administration, aligning with judicial precedents and statutory provisions. The Tribunal dismissed the Revenue's appeal, emphasizing that interest on refunds should be computed by adjusting the refund first towards the interest component. en-us Fri, 27 Oct 2017 00:00:00 +0530 Tue, 31 Oct 2017 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350097 The Tribunal upheld the CIT(A)'s order, directing the adjustment of the refund first towards the interest due and then towards the tax due. The decision was based on principles of fairness and consistency in tax administration, aligning with judicial precedents and statutory provisions. The Tribunal dismissed the Revenue's appeal, emphasizing that interest on refunds should be computed by adjusting the refund first towards the interest component. Case-Laws Income Tax Fri, 27 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350097