https://www.taxtmi.com/caselaws?id=407125 The Tribunal allowed the appeal, directing the AO to grant interest under section 244A(1)(b) of the Act on self-assessment tax paid by the assessee. The Tribunal relied on the Jurisdictional High Court's decision, clarifying that self-assessment tax falls under section 244A(1)(b) of the Act, entitling the assessee to interest from the date of payment till the date of refund. The denial of interest by the AO and CIT(A) was deemed incorrect, and rectification under section 154 of the Act was warranted, aligning with legal principles and provisions of the Act. en-us Tue, 16 Mar 2021 00:00:00 +0530 Sat, 01 May 2021 09:29:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407125 The Tribunal allowed the appeal, directing the AO to grant interest under section 244A(1)(b) of the Act on self-assessment tax paid by the assessee. The Tribunal relied on the Jurisdictional High Court's decision, clarifying that self-assessment tax falls under section 244A(1)(b) of the Act, entitling the assessee to interest from the date of payment till the date of refund. The denial of interest by the AO and CIT(A) was deemed incorrect, and rectification under section 154 of the Act was warranted, aligning with legal principles and provisions of the Act. Case-Laws Income Tax Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407125