https://www.taxtmi.com/caselaws?id=298112 The appeals were filed against the CIT(A)'s order for the assessment years 1984-85 to 1988-89, focusing on the computation of interest payable to the assessee under sections 214, 244 & 244A of the IT Act. The primary contention was regarding the applicability of Section 214(1A) for allowing interest on refunds and the rate of interest payable under Section 214/244. The ITAT allowed interest under Section 214/244 as per prevailing rates and directed verification of TDS/DITR credits for computing net tax payable/refundable. The appeals of the assessee were partially allowed based on these determinations. en-us Wed, 14 Dec 2016 00:00:00 +0530 Tue, 12 Oct 2021 09:27:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298112 The appeals were filed against the CIT(A)'s order for the assessment years 1984-85 to 1988-89, focusing on the computation of interest payable to the assessee under sections 214, 244 & 244A of the IT Act. The primary contention was regarding the applicability of Section 214(1A) for allowing interest on refunds and the rate of interest payable under Section 214/244. The ITAT allowed interest under Section 214/244 as per prevailing rates and directed verification of TDS/DITR credits for computing net tax payable/refundable. The appeals of the assessee were partially allowed based on these determinations. Case-Laws Income Tax Wed, 14 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298112