https://www.taxtmi.com/caselaws?id=354929 The Tribunal held that the assessee was entitled to interest under Section 244A for June 2010 up to the date of the refund voucher, rejecting the administrative approval limiting interest to May 2010. It clarified that interest should be calculated for every month or part of a month. The Tribunal emphasized that administrative approvals cannot override statutory provisions, directing the AO to calculate interest considering any fraction of a month as a full month. The CIT(A)'s decision was set aside, and the appeal was disposed of in favor of the assessee. en-us Mon, 05 Feb 2018 00:00:00 +0530 Wed, 07 Feb 2018 08:21:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354929 The Tribunal held that the assessee was entitled to interest under Section 244A for June 2010 up to the date of the refund voucher, rejecting the administrative approval limiting interest to May 2010. It clarified that interest should be calculated for every month or part of a month. The Tribunal emphasized that administrative approvals cannot override statutory provisions, directing the AO to calculate interest considering any fraction of a month as a full month. The CIT(A)'s decision was set aside, and the appeal was disposed of in favor of the assessee. Case-Laws Income Tax Mon, 05 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354929