https://www.taxtmi.com/caselaws?id=765785 ITAT Chennai held that the assessee was entitled to interest under section 244A from the date of payment of self-assessment tax. The assessee had paid tax on long-term capital gains arising from a Joint Development Agreement (JDA) in 2013, which was later cancelled in 2017. The Revenue denied interest claiming delay was attributable to the assessee. ITAT ruled that since the unregistered JDA was unenforceable in law per SC precedent, the assessee offered tax on a misconceived transaction. The State should not be unjustly enriched from an event that didn't exist legally. Appeal allowed. en-us Fri, 31 Jan 2025 00:00:00 +0530 Mon, 10 Feb 2025 07:50:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765785 ITAT Chennai held that the assessee was entitled to interest under section 244A from the date of payment of self-assessment tax. The assessee had paid tax on long-term capital gains arising from a Joint Development Agreement (JDA) in 2013, which was later cancelled in 2017. The Revenue denied interest claiming delay was attributable to the assessee. ITAT ruled that since the unregistered JDA was unenforceable in law per SC precedent, the assessee offered tax on a misconceived transaction. The State should not be unjustly enriched from an event that didn't exist legally. Appeal allowed. Case-Laws Income Tax Fri, 31 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765785