https://www.taxtmi.com/caselaws?id=370900 The Tribunal upheld the decision of the CIT(A) regarding the entitlement to interest under section 244A of the Income Tax Act, ruling in favor of the assessee against the revenue. The Tribunal affirmed that the assessee was entitled to simple interest calculated at the prescribed rate from the start of the assessment year to the date of refund, excluding any interest component already included in the refund. The judgment highlighted the significance of following the provisions of the Income Tax Act and past decisions to ensure fairness in tax disputes. en-us Wed, 29 Aug 2018 00:00:00 +0530 Mon, 26 Nov 2018 07:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370900 The Tribunal upheld the decision of the CIT(A) regarding the entitlement to interest under section 244A of the Income Tax Act, ruling in favor of the assessee against the revenue. The Tribunal affirmed that the assessee was entitled to simple interest calculated at the prescribed rate from the start of the assessment year to the date of refund, excluding any interest component already included in the refund. The judgment highlighted the significance of following the provisions of the Income Tax Act and past decisions to ensure fairness in tax disputes. Case-Laws Income Tax Wed, 29 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370900