https://www.taxtmi.com/caselaws?id=303623 The Tribunal allowed the appeal of the assessee for statistical purposes, remitting the issue back to the Assessing Officer to determine the interest on the refund in accordance with Explanation (2) to section 244A(b) and relevant Supreme Court decisions. The Tribunal emphasized the importance of differentiating between interest consequential to the refund and delays by the parties, highlighting the Hon'ble High Court's decision to condone the delay due to genuine hardship faced by the assessee. The assessee was granted the liberty to seek a decision from the Chief Commissioner or Commissioner for the calculation of interest related to the refund. en-us Thu, 13 Jan 2011 00:00:00 +0530 Tue, 02 Aug 2022 13:04:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303623 The Tribunal allowed the appeal of the assessee for statistical purposes, remitting the issue back to the Assessing Officer to determine the interest on the refund in accordance with Explanation (2) to section 244A(b) and relevant Supreme Court decisions. The Tribunal emphasized the importance of differentiating between interest consequential to the refund and delays by the parties, highlighting the Hon'ble High Court's decision to condone the delay due to genuine hardship faced by the assessee. The assessee was granted the liberty to seek a decision from the Chief Commissioner or Commissioner for the calculation of interest related to the refund. Case-Laws Income Tax Thu, 13 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303623