https://www.taxtmi.com/caselaws?id=754275 The ITAT Delhi ruled in favor of the assessee regarding rectification of interest calculation under section 244A. The CIT(A) erroneously held that interest determination rectification was outside section 154's scope. The tribunal clarified that correcting the period for interest payment constitutes a clerical mistake rectifiable under section 154, not a substantive re-determination. Since the refund was credited on 25 February 2021 but determined on 20 February 2009, the assessee was entitled to interest for the entire period. The AO should have rectified this calculation error. The tribunal allowed the assessee's grounds. en-us Tue, 18 Jun 2024 00:00:00 +0530 Wed, 19 Jun 2024 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754275 The ITAT Delhi ruled in favor of the assessee regarding rectification of interest calculation under section 244A. The CIT(A) erroneously held that interest determination rectification was outside section 154's scope. The tribunal clarified that correcting the period for interest payment constitutes a clerical mistake rectifiable under section 154, not a substantive re-determination. Since the refund was credited on 25 February 2021 but determined on 20 February 2009, the assessee was entitled to interest for the entire period. The AO should have rectified this calculation error. The tribunal allowed the assessee's grounds. Case-Laws Income Tax Tue, 18 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754275