https://www.taxtmi.com/caselaws?id=36640 The High Court of Madras ruled in favor of the assessee, affirming their entitlement to interest under section 214 of the Income Tax Act on the correct refund figure up to the date of regular assessment, even after a rectification order. The Court interpreted the provisions of the Act to ensure fairness and upheld the assessee's right to interest in line with the Act's scheme of payment and recovery of taxes. en-us Tue, 08 Jan 1980 00:00:00 +0530 Tue, 23 Mar 2010 15:58:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36640 The High Court of Madras ruled in favor of the assessee, affirming their entitlement to interest under section 214 of the Income Tax Act on the correct refund figure up to the date of regular assessment, even after a rectification order. The Court interpreted the provisions of the Act to ensure fairness and upheld the assessee's right to interest in line with the Act's scheme of payment and recovery of taxes. Case-Laws Income Tax Tue, 08 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36640