https://www.taxtmi.com/caselaws?id=15814 Section 244(1A) was construed on its plain language as allowing simple interest only on the refundable excess amount from the relevant date until refund is granted. The provision was treated as materially different from section 214(1), so reasoning under section 214 could not be used to claim compound interest or "interest on interest" under section 244(1A). On that construction, the assessee was not entitled to interest on interest, and the appeal was rejected. en-us Tue, 17 Aug 1999 00:00:00 +0530 Sat, 29 Aug 2009 12:58:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15814 Section 244(1A) was construed on its plain language as allowing simple interest only on the refundable excess amount from the relevant date until refund is granted. The provision was treated as materially different from section 214(1), so reasoning under section 214 could not be used to claim compound interest or "interest on interest" under section 244(1A). On that construction, the assessee was not entitled to interest on interest, and the appeal was rejected. Case-Laws Income Tax Tue, 17 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15814