https://www.taxtmi.com/caselaws?id=465759 The dominant issue was the correct method of computing interest on refund under s. 244A, including whether refund adjustments should be made first against interest payable and thereafter against refundable tax, and whether computation must conform to Rule 119A. The Tribunal held that the issue required recomputation in accordance with the HC ruling on s. 244A and affirmed that the AO must recalculate interest by applying Rule 119A, consistent with the Tribunal's earlier order in the same assessee's case for a prior AY. Consequently, the Revenue's challenge failed and the direction to the AO to recompute s. 244A interest as per the stated legal position was sustained. en-us Mon, 26 Jul 2021 00:00:00 +0530 Wed, 07 Jan 2026 20:50:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465759 The dominant issue was the correct method of computing interest on refund under s. 244A, including whether refund adjustments should be made first against interest payable and thereafter against refundable tax, and whether computation must conform to Rule 119A. The Tribunal held that the issue required recomputation in accordance with the HC ruling on s. 244A and affirmed that the AO must recalculate interest by applying Rule 119A, consistent with the Tribunal's earlier order in the same assessee's case for a prior AY. Consequently, the Revenue's challenge failed and the direction to the AO to recompute s. 244A interest as per the stated legal position was sustained. Case-Laws Income Tax Mon, 26 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465759