https://www.taxtmi.com/caselaws?id=798556 Partial income-tax refunds comprising refundable tax and accrued interest under Section 244A must be appropriated first towards the interest component and then towards principal tax. Section 244A treats the refund due as including both tax and interest and aims to compensate the assessee for the Revenue's retention of refundable money. Adjusting a partial payment first against tax would stop further interest accruing on the unpaid interest balance, giving the Revenue an unjust advantage. Interest-first appropriation preserves full compensation for the time value of money and promotes equitable tax administration. en-us Wed, 01 Jul 2026 00:00:00 +0530 Wed, 09 Sep 2026 08:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798556 Partial income-tax refunds comprising refundable tax and accrued interest under Section 244A must be appropriated first towards the interest component and then towards principal tax. Section 244A treats the refund due as including both tax and interest and aims to compensate the assessee for the Revenue's retention of refundable money. Adjusting a partial payment first against tax would stop further interest accruing on the unpaid interest balance, giving the Revenue an unjust advantage. Interest-first appropriation preserves full compensation for the time value of money and promotes equitable tax administration. Case-Laws Income Tax Wed, 01 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798556