https://www.taxtmi.com/caselaws?id=24693 The High Court of GAUHATI ruled in favor of the assessees, determining that they were entitled to interest on the refunded amount under section 244 of the new Act for assessments completed under the old Act after the commencement of the new Act. The court held that interest should accrue three months after the refund became payable, in accordance with the provisions of the new Act, with the rate of interest being as applicable at the relevant time. Each party was directed to bear their own costs. en-us Mon, 29 Aug 1988 00:00:00 +0530 Tue, 05 Jul 2016 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24693 The High Court of GAUHATI ruled in favor of the assessees, determining that they were entitled to interest on the refunded amount under section 244 of the new Act for assessments completed under the old Act after the commencement of the new Act. The court held that interest should accrue three months after the refund became payable, in accordance with the provisions of the new Act, with the rate of interest being as applicable at the relevant time. Each party was directed to bear their own costs. Case-Laws Income Tax Mon, 29 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24693