https://www.taxtmi.com/caselaws?id=423995 The Tribunal dismissed the Revenue's appeals challenging the Commissioner's order to adjust refunds first against the interest component and then towards the tax component. The Tribunal emphasized the correct computation of refunds, citing precedents where refunds were adjusted without resulting in interest on interest. It directed the Assessing Officer to re-compute the interest payable to the assessee in alignment with settled precedents favoring taxpayers. en-us Thu, 09 Jun 2022 00:00:00 +0530 Mon, 20 Jun 2022 08:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423995 The Tribunal dismissed the Revenue's appeals challenging the Commissioner's order to adjust refunds first against the interest component and then towards the tax component. The Tribunal emphasized the correct computation of refunds, citing precedents where refunds were adjusted without resulting in interest on interest. It directed the Assessing Officer to re-compute the interest payable to the assessee in alignment with settled precedents favoring taxpayers. Case-Laws Income Tax Thu, 09 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423995