https://www.taxtmi.com/caselaws?id=372571 The High Court of Bombay ruled in favor of the respondent-assessee, Union Bank of India, in a case involving the interpretation of Section 244A of the Income Tax Act. The Court held that interest under Section 244A should be allowed despite delays in the refund process not attributable to the assessee. The Court emphasized that timely deduction and deposit of taxes should entitle the assessee to interest under Section 244A, as established in a previous judgment. The Court dismissed the Revenue's appeal, stating that no substantial legal question arose in this matter. en-us Mon, 17 Dec 2018 00:00:00 +0530 Tue, 25 Dec 2018 08:25:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372571 The High Court of Bombay ruled in favor of the respondent-assessee, Union Bank of India, in a case involving the interpretation of Section 244A of the Income Tax Act. The Court held that interest under Section 244A should be allowed despite delays in the refund process not attributable to the assessee. The Court emphasized that timely deduction and deposit of taxes should entitle the assessee to interest under Section 244A, as established in a previous judgment. The Court dismissed the Revenue's appeal, stating that no substantial legal question arose in this matter. Case-Laws Income Tax Mon, 17 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372571