https://www.taxtmi.com/caselaws?id=22852 The High Court held that the assessee was entitled to interest on tax refunds following successful appeals against tax assessments for the years 1968-69, 1969-70, and 1970-71. The court interpreted sections 237 to 240, 241, and 244 of the Income-tax Act, emphasizing that refunds become due upon appellate orders and interest is payable from that point. The court clarified that setting aside an assessment makes the tax refundable, rejecting the notion that the notice of demand remains effective post-annulment. The High Court directed the Income-tax Officer to refund the amounts with interest, aligning with statutory provisions and established legal principles. en-us Mon, 02 Jul 1990 00:00:00 +0530 Mon, 14 Dec 2009 15:31:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22852 The High Court held that the assessee was entitled to interest on tax refunds following successful appeals against tax assessments for the years 1968-69, 1969-70, and 1970-71. The court interpreted sections 237 to 240, 241, and 244 of the Income-tax Act, emphasizing that refunds become due upon appellate orders and interest is payable from that point. The court clarified that setting aside an assessment makes the tax refundable, rejecting the notion that the notice of demand remains effective post-annulment. The High Court directed the Income-tax Officer to refund the amounts with interest, aligning with statutory provisions and established legal principles. Case-Laws Income Tax Mon, 02 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22852