https://www.taxtmi.com/caselaws?id=300900 The Tribunal allowed the Revenue's appeal and accepted the assessee's petition under Rule 27 of ITAT Rules. It directed the Assessing Officer to adjust the refund first towards interest under Section 244A, followed by any remaining amount towards the tax due, aligning with section 140A of the Act. This decision clarified the proper adjustment of refunds against interest and tax due, ensuring compliance with the Income Tax Act and a fair process. en-us Tue, 25 Feb 2020 00:00:00 +0530 Thu, 03 Mar 2022 06:47:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300900 The Tribunal allowed the Revenue's appeal and accepted the assessee's petition under Rule 27 of ITAT Rules. It directed the Assessing Officer to adjust the refund first towards interest under Section 244A, followed by any remaining amount towards the tax due, aligning with section 140A of the Act. This decision clarified the proper adjustment of refunds against interest and tax due, ensuring compliance with the Income Tax Act and a fair process. Case-Laws Income Tax Tue, 25 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300900