https://www.taxtmi.com/caselaws?id=467583 Interest under Section 244A(1)(b) was payable on a self-assessment tax payment made under Section 140A when the amount was later found not exigible and refunded or adjusted against subsequent tax liability. The court treated the refunded character of the payment as bringing it within the statutory scheme for refund interest, and held that a later claim for interest did not by itself defeat entitlement. The assessee was therefore entitled to statutory interest on the returned amount, and the challenge to refund interest failed. en-us Tue, 19 Nov 2024 00:00:00 +0530 Tue, 24 Mar 2026 19:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467583 Interest under Section 244A(1)(b) was payable on a self-assessment tax payment made under Section 140A when the amount was later found not exigible and refunded or adjusted against subsequent tax liability. The court treated the refunded character of the payment as bringing it within the statutory scheme for refund interest, and held that a later claim for interest did not by itself defeat entitlement. The assessee was therefore entitled to statutory interest on the returned amount, and the challenge to refund interest failed. Case-Laws Income Tax Tue, 19 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467583