https://www.taxtmi.com/highlights?id=64161 Computation of refund and interest thereon under section 244A - The present case is not a case where interest on interest due was claimed by the assessee. The issue arising in the present case is regarding correct computation of refund. As per the Revenue, while computing the refund and interest thereon under section 244A of the Act, the refund already granted to the assessee should be adjusted against the tax component. However, as per the assessee, the refund already granted to the assessee should be first adjusted against the interest component and balance, if any, towards the tax component of the refund due. - - Decided in favor of assessee - AT en-us Mon, 20 Jun 2022 08:39:11 +0530 Mon, 20 Jun 2022 08:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64161 Computation of refund and interest thereon under section 244A - The present case is not a case where interest on interest due was claimed by the assessee. The issue arising in the present case is regarding correct computation of refund. As per the Revenue, while computing the refund and interest thereon under section 244A of the Act, the refund already granted to the assessee should be adjusted against the tax component. However, as per the assessee, the refund already granted to the assessee should be first adjusted against the interest component and balance, if any, towards the tax component of the refund due. - - Decided in favor of assessee - AT Highlights Income Tax Mon, 20 Jun 2022 08:39:11 +0530 https://www.taxtmi.com/highlights?id=64161