https://www.taxtmi.com/caselaws?id=16851 The High Court interpreted section 244(1A) of the Income-tax Act, ruling in favor of the company's entitlement to interest on interest levied under sections 139(8) and 215. The Court held that the term "amount" in the provision includes interest paid by the assessee, emphasizing that interest paid under assessment orders qualifies for interest under section 244(1A). Following precedents, the Court affirmed the company's right to interest on refunded interest amounts, aligning with decisions from other High Courts. Ultimately, the Court decided in favor of the assessee, upholding their entitlement to interest on the refunded interest amounts. en-us Mon, 08 Jun 1998 00:00:00 +0530 Sat, 12 Sep 2009 15:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16851 The High Court interpreted section 244(1A) of the Income-tax Act, ruling in favor of the company's entitlement to interest on interest levied under sections 139(8) and 215. The Court held that the term "amount" in the provision includes interest paid by the assessee, emphasizing that interest paid under assessment orders qualifies for interest under section 244(1A). Following precedents, the Court affirmed the company's right to interest on refunded interest amounts, aligning with decisions from other High Courts. Ultimately, the Court decided in favor of the assessee, upholding their entitlement to interest on the refunded interest amounts. Case-Laws Income Tax Mon, 08 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16851