https://www.taxtmi.com/caselaws?id=28192 Where a pre-1961 assessment was completed under the 1922 Act but the assessee became entitled to refund only after appellate proceedings ended after commencement of the 1961 Act, section 297(2)(i) applies so that the refund carries interest under section 244. The expression "under this Act" in sections 240 and 244 is read harmoniously with section 297(2)(i), and orders passed in pending appeal, reference or revision proceedings under section 297(2)(c) are treated as orders under the 1961 Act for refund and interest purposes. Rectification notices issued under section 35 of the 1922 Act were therefore not maintainable. en-us Fri, 13 May 1983 00:00:00 +0530 Fri, 19 Feb 2010 15:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28192 Where a pre-1961 assessment was completed under the 1922 Act but the assessee became entitled to refund only after appellate proceedings ended after commencement of the 1961 Act, section 297(2)(i) applies so that the refund carries interest under section 244. The expression "under this Act" in sections 240 and 244 is read harmoniously with section 297(2)(i), and orders passed in pending appeal, reference or revision proceedings under section 297(2)(c) are treated as orders under the 1961 Act for refund and interest purposes. Rectification notices issued under section 35 of the 1922 Act were therefore not maintainable. Case-Laws Income Tax Fri, 13 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28192