https://www.taxtmi.com/caselaws?id=409373 The Tribunal upheld the Ld. CIT(A)'s decision directing the computation of interest under Section 244A based on the Delhi High Court's ruling that "any amount" includes both tax and interest components, requiring the Revenue to pay interest on the outstanding balance when the full refund amount is not paid. Regarding eligibility for additional interest under Section 244A(1A), the Tribunal held that it applies prospectively from 01.06.2016, with liability for additional interest arising after that date, except in cases where the Assessing Officer failed to pass a consequential order within the specified time. The appeals of the revenue were dismissed, and the assessee's appeals were partly allowed for statistical purposes. en-us Wed, 30 Jun 2021 00:00:00 +0530 Tue, 06 Jul 2021 09:44:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409373 The Tribunal upheld the Ld. CIT(A)'s decision directing the computation of interest under Section 244A based on the Delhi High Court's ruling that "any amount" includes both tax and interest components, requiring the Revenue to pay interest on the outstanding balance when the full refund amount is not paid. Regarding eligibility for additional interest under Section 244A(1A), the Tribunal held that it applies prospectively from 01.06.2016, with liability for additional interest arising after that date, except in cases where the Assessing Officer failed to pass a consequential order within the specified time. The appeals of the revenue were dismissed, and the assessee's appeals were partly allowed for statistical purposes. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409373