https://www.taxtmi.com/caselaws?id=294491 The Revenue filed an appeal against the order of the ld. CIT(A) regarding the grant of interest u/s 244A to the assessee. The issue was whether interest on interest should be allowed under sec. 244A. The ld. CIT(A) directed the Assessing Officer to grant interest u/s 244A to the assessee, including interest on any refund amount due. The Delhi High Court clarified that if interest is not refunded with excess tax, interest on interest becomes payable as compensation. The Tribunal upheld the ld. CIT(A)'s order, dismissing the Revenue's appeal and emphasizing compliance with legal provisions. en-us Fri, 18 Nov 2011 00:00:00 +0530 Sat, 17 Apr 2021 11:38:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294491 The Revenue filed an appeal against the order of the ld. CIT(A) regarding the grant of interest u/s 244A to the assessee. The issue was whether interest on interest should be allowed under sec. 244A. The ld. CIT(A) directed the Assessing Officer to grant interest u/s 244A to the assessee, including interest on any refund amount due. The Delhi High Court clarified that if interest is not refunded with excess tax, interest on interest becomes payable as compensation. The Tribunal upheld the ld. CIT(A)'s order, dismissing the Revenue's appeal and emphasizing compliance with legal provisions. Case-Laws Income Tax Fri, 18 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294491