https://www.taxtmi.com/caselaws?id=293533 The Tribunal upheld the decision of the lower authorities and dismissed the appeal regarding interest u/s 244A. The appellant's claim for higher interest was denied based on the Wheels India Ltd case, which established that interest on interest is not applicable for promptly granted refunds. The Tribunal concurred with the CIT(A)'s decision, emphasizing the precedent set by the Wheels India Ltd case. en-us Fri, 29 Jun 2012 00:00:00 +0530 Tue, 16 Feb 2021 17:57:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293533 The Tribunal upheld the decision of the lower authorities and dismissed the appeal regarding interest u/s 244A. The appellant's claim for higher interest was denied based on the Wheels India Ltd case, which established that interest on interest is not applicable for promptly granted refunds. The Tribunal concurred with the CIT(A)'s decision, emphasizing the precedent set by the Wheels India Ltd case. Case-Laws Income Tax Fri, 29 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293533