https://www.taxtmi.com/caselaws?id=445002 ITAT Mumbai allowed the assessee's appeal regarding computation of interest on refund under section 244A. The Tribunal held that refund amounts should be adjusted first against interest component and thereafter against tax amount, following the prescribed method in section 140A(1). The AO was directed to re-compute interest under section 244A accordingly, with the assessee entitled to interest on unpaid refunds as per established precedent. en-us Tue, 27 Jun 2023 00:00:00 +0530 Fri, 27 Oct 2023 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445002 ITAT Mumbai allowed the assessee's appeal regarding computation of interest on refund under section 244A. The Tribunal held that refund amounts should be adjusted first against interest component and thereafter against tax amount, following the prescribed method in section 140A(1). The AO was directed to re-compute interest under section 244A accordingly, with the assessee entitled to interest on unpaid refunds as per established precedent. Case-Laws Income Tax Tue, 27 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445002