https://www.taxtmi.com/caselaws?id=796793 Refunds adjusted against outstanding tax demand must be appropriated first towards interest payable on the refund and only thereafter towards principal tax for computing interest under section 244A. Taxability of an employee-benefit provision write-back depends on whether the corresponding earlier-year expenditure was allowed as a deduction; final appellate-effect computation is therefore required to avoid double taxation. Interest under section 234D must be recomputed against the final regular-assessment position after appellate modifications, with no charge where no excess refund remains. For the later assessment year, the section 234D charge is confined to the period linked to the original regular assessment despite subsequent rectification or appellate-effect orders. en-us Mon, 13 Jul 2026 00:00:00 +0530 Tue, 11 Aug 2026 08:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796793 Refunds adjusted against outstanding tax demand must be appropriated first towards interest payable on the refund and only thereafter towards principal tax for computing interest under section 244A. Taxability of an employee-benefit provision write-back depends on whether the corresponding earlier-year expenditure was allowed as a deduction; final appellate-effect computation is therefore required to avoid double taxation. Interest under section 234D must be recomputed against the final regular-assessment position after appellate modifications, with no charge where no excess refund remains. For the later assessment year, the section 234D charge is confined to the period linked to the original regular assessment despite subsequent rectification or appellate-effect orders. Case-Laws Income Tax Mon, 13 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796793