https://www.taxtmi.com/caselaws?id=17348 The High Court ruled in favor of the assessee, holding that interest under section 214 of the Income-tax Act is admissible from the first day of the assessment year to the original assessment date. Additionally, interest under section 244(1A) applies from the payment date to the refund date. The Tribunal was directed to reconsider the case under section 244(1A) based on the Supreme Court's interpretation. The objection regarding jurisdiction under section 256 was dismissed. No costs were awarded in the case. en-us Tue, 17 Jun 1997 00:00:00 +0530 Mon, 21 Sep 2009 17:02:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17348 The High Court ruled in favor of the assessee, holding that interest under section 214 of the Income-tax Act is admissible from the first day of the assessment year to the original assessment date. Additionally, interest under section 244(1A) applies from the payment date to the refund date. The Tribunal was directed to reconsider the case under section 244(1A) based on the Supreme Court's interpretation. The objection regarding jurisdiction under section 256 was dismissed. No costs were awarded in the case. Case-Laws Income Tax Tue, 17 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17348