https://www.taxtmi.com/caselaws?id=417594 The Tribunal allowed both appeals filed by the assessee, emphasizing the entitlement to interest under section 244A of the Income Tax Act. The decision clarified that interest on refunds should be calculated up to the date of issuance of the refund voucher, contrary to the Assessing Officer's decision to grant interest only up to the date of signing the notice of demand. Previous Tribunal decisions supported this interpretation, leading to the setting aside of the impugned orders and directing the Assessing Officer to compute and grant interest on the tax refund up to the date of refund voucher issuance for the relevant assessment years. en-us Fri, 14 Jan 2022 00:00:00 +0530 Thu, 27 Jan 2022 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417594 The Tribunal allowed both appeals filed by the assessee, emphasizing the entitlement to interest under section 244A of the Income Tax Act. The decision clarified that interest on refunds should be calculated up to the date of issuance of the refund voucher, contrary to the Assessing Officer's decision to grant interest only up to the date of signing the notice of demand. Previous Tribunal decisions supported this interpretation, leading to the setting aside of the impugned orders and directing the Assessing Officer to compute and grant interest on the tax refund up to the date of refund voucher issuance for the relevant assessment years. Case-Laws Income Tax Fri, 14 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417594