https://www.taxtmi.com/caselaws?id=404034 The ITAT ruled in favor of the assessee, allowing appeals regarding the calculation of interest under Section 244A of the Income Tax Act for A.Ys. 2007-08 and 2008-09. The Tribunal directed the AO to compute the correct interest payable, including on self-assessment tax, and adjust refunds accordingly. The revenue's appeals were dismissed due to insufficient tax effect and lack of merit. The Tribunal relied on judicial precedents to affirm the assessee's entitlement to interest from the date of payment to the date of refund, rejecting the revenue's contention against interest on self-assessment tax. en-us Wed, 11 Nov 2020 00:00:00 +0530 Thu, 23 Jul 2026 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404034 The ITAT ruled in favor of the assessee, allowing appeals regarding the calculation of interest under Section 244A of the Income Tax Act for A.Ys. 2007-08 and 2008-09. The Tribunal directed the AO to compute the correct interest payable, including on self-assessment tax, and adjust refunds accordingly. The revenue's appeals were dismissed due to insufficient tax effect and lack of merit. The Tribunal relied on judicial precedents to affirm the assessee's entitlement to interest from the date of payment to the date of refund, rejecting the revenue's contention against interest on self-assessment tax. Case-Laws Income Tax Wed, 11 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404034