https://www.taxtmi.com/caselaws?id=774448 The ITAT Cochin held that the AO incorrectly denied interest on the interest component under section 244A while computing refund amount. The AO failed to consider section 244(1A) inserted by Finance Act 2016, which governs interest grant in such situations. The term 'refund' includes previously granted interest under section 244A. The matter was remanded to AO with directions to dispose the section 154 application considering statutory provisions of section 244(1A). The bank's appeal was partly allowed. en-us Wed, 25 Jun 2025 00:00:00 +0530 Wed, 09 Jul 2025 08:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774448 The ITAT Cochin held that the AO incorrectly denied interest on the interest component under section 244A while computing refund amount. The AO failed to consider section 244(1A) inserted by Finance Act 2016, which governs interest grant in such situations. The term 'refund' includes previously granted interest under section 244A. The matter was remanded to AO with directions to dispose the section 154 application considering statutory provisions of section 244(1A). The bank's appeal was partly allowed. Case-Laws Income Tax Wed, 25 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774448