https://www.taxtmi.com/caselaws?id=758239 The ITAT Mumbai upheld the CIT(A)'s decision regarding interest calculation under section 244A(1). The tribunal ruled that when partial refunds are granted, the amount should be adjusted first against outstanding interest and then against tax payable, following the same methodology used when partial tax payments are adjusted by revenue. The assessee's claim for proper refund computation including interest was allowed, and the revenue's appeal was dismissed as no infirmity was found in the CIT(A)'s order. en-us Fri, 06 Sep 2024 00:00:00 +0530 Mon, 09 Sep 2024 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758239 The ITAT Mumbai upheld the CIT(A)'s decision regarding interest calculation under section 244A(1). The tribunal ruled that when partial refunds are granted, the amount should be adjusted first against outstanding interest and then against tax payable, following the same methodology used when partial tax payments are adjusted by revenue. The assessee's claim for proper refund computation including interest was allowed, and the revenue's appeal was dismissed as no infirmity was found in the CIT(A)'s order. Case-Laws Income Tax Fri, 06 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758239