https://www.taxtmi.com/caselaws?id=22770 Interest on refund under Sections 240 and 244 of the Income-tax Act, 1961 arises only where the appellate order has a direct nexus with the refund due. Where an appellate order for an earlier year does not itself create an immediate refund and the enhanced unabsorbed allowances affect only a later assessment year through a fresh order giving effect, delayed implementation of the earlier order does not by itself trigger interest. On the facts, interest related to the later assessment year had already been allowed and paid, so no further interest was payable. en-us Fri, 09 Nov 1990 00:00:00 +0530 Sat, 12 Dec 2009 18:16:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22770 Interest on refund under Sections 240 and 244 of the Income-tax Act, 1961 arises only where the appellate order has a direct nexus with the refund due. Where an appellate order for an earlier year does not itself create an immediate refund and the enhanced unabsorbed allowances affect only a later assessment year through a fresh order giving effect, delayed implementation of the earlier order does not by itself trigger interest. On the facts, interest related to the later assessment year had already been allowed and paid, so no further interest was payable. Case-Laws Income Tax Fri, 09 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22770