https://www.taxtmi.com/caselaws?id=23844 Interest on delayed refund was held payable where assessments made under the 1922 Act later resulted in a refund under the transitional scheme of section 297(2)(i) of the 1961 Act. The Court read section 244 together with section 240 and section 297(2)(i), holding that the refund-interest provisions could not be applied in isolation and must be construed harmoniously to preserve the transition scheme. On that construction, once the refund became due under the new Act through appellate and reference proceedings, statutory interest attached to the delayed payment in favour of the assessee. en-us Wed, 27 Sep 1989 00:00:00 +0530 Thu, 14 Jan 2010 16:59:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23844 Interest on delayed refund was held payable where assessments made under the 1922 Act later resulted in a refund under the transitional scheme of section 297(2)(i) of the 1961 Act. The Court read section 244 together with section 240 and section 297(2)(i), holding that the refund-interest provisions could not be applied in isolation and must be construed harmoniously to preserve the transition scheme. On that construction, once the refund became due under the new Act through appellate and reference proceedings, statutory interest attached to the delayed payment in favour of the assessee. Case-Laws Income Tax Wed, 27 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23844