https://www.taxtmi.com/caselaws?id=24955 The High Court held that an assessee, entitled to a refund of interest collected under section 220(2) of the Income-tax Act, is also entitled to interest on the same. The Court found that interest collected under section 220 falls within the purview of section 240 and is eligible for interest under section 244(1) of the Act. Therefore, if interest collected under section 220 becomes refundable, it is eligible for interest under section 244. The Court upheld the Tribunal's decision, ruling in favor of the assessee against the Revenue. en-us Mon, 07 Dec 1987 00:00:00 +0530 Sat, 23 Jan 2010 13:39:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24955 The High Court held that an assessee, entitled to a refund of interest collected under section 220(2) of the Income-tax Act, is also entitled to interest on the same. The Court found that interest collected under section 220 falls within the purview of section 240 and is eligible for interest under section 244(1) of the Act. Therefore, if interest collected under section 220 becomes refundable, it is eligible for interest under section 244. The Court upheld the Tribunal's decision, ruling in favor of the assessee against the Revenue. Case-Laws Income Tax Mon, 07 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24955