https://www.taxtmi.com/highlights?id=58669 Interest u/s.244A - whether assessee is entitled for additional interest - Provisions of section 244A (1A) would apply only prospectively w.e.f 01.06.2016 and hence additional interest would be eligible only from that date and not from 01.04.2016. As the Hon'ble High Court has imposed caveat explaining the circumstances under which the additional interest can be granted u/s. 244A[1A] of the Act, we are of the view that this matter should go back to the file of the AO - AT en-us Tue, 06 Jul 2021 21:57:07 +0530 Tue, 06 Jul 2021 21:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58669 Interest u/s.244A - whether assessee is entitled for additional interest - Provisions of section 244A (1A) would apply only prospectively w.e.f 01.06.2016 and hence additional interest would be eligible only from that date and not from 01.04.2016. As the Hon'ble High Court has imposed caveat explaining the circumstances under which the additional interest can be granted u/s. 244A[1A] of the Act, we are of the view that this matter should go back to the file of the AO - AT Highlights Income Tax Tue, 06 Jul 2021 21:57:07 +0530 https://www.taxtmi.com/highlights?id=58669