https://www.taxtmi.com/caselaws?id=770793 The SC's Income Tax Tribunal analyzed the scope of interest under Section 244A of the Income Tax Act. It held that interest must be calculated from the assessment year's first day until the actual refund date, not limited to 24 months as previously determined. The Tribunal directed the Assessing Officer to recompute interest from 1st April 2017 to 23rd March 2020, ensuring full statutory compensation for the delayed refund. en-us Thu, 27 Mar 2025 00:00:00 +0530 Fri, 16 May 2025 08:40:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770793 The SC's Income Tax Tribunal analyzed the scope of interest under Section 244A of the Income Tax Act. It held that interest must be calculated from the assessment year's first day until the actual refund date, not limited to 24 months as previously determined. The Tribunal directed the Assessing Officer to recompute interest from 1st April 2017 to 23rd March 2020, ensuring full statutory compensation for the delayed refund. Case-Laws Income Tax Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770793