https://www.taxtmi.com/caselaws?id=752034 Interest under section 244A was held applicable on a refund arising from TDS credit and the consequential rectification giving effect to MAT credit. The original return under section 139(1) was treated as the relevant return for computing interest, and the refund was brought within section 244A(1)(a)(i), which allows interest from 1 April of the assessment year until the date of refund where the return is filed in time. The small-refund limitation did not defeat entitlement once the revised refund became payable. Interest was therefore payable from 1 April 2017 until the refund was granted. en-us Mon, 29 Apr 2024 00:00:00 +0530 Mon, 10 Jun 2024 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752034 Interest under section 244A was held applicable on a refund arising from TDS credit and the consequential rectification giving effect to MAT credit. The original return under section 139(1) was treated as the relevant return for computing interest, and the refund was brought within section 244A(1)(a)(i), which allows interest from 1 April of the assessment year until the date of refund where the return is filed in time. The small-refund limitation did not defeat entitlement once the revised refund became payable. Interest was therefore payable from 1 April 2017 until the refund was granted. Case-Laws Income Tax Mon, 29 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752034