https://www.taxtmi.com/caselaws?id=58204 The case centered on the interpretation of provisions under sections 140A(1) and 244(1A) of the IT Act. The Tribunal upheld that excess amounts refunded to the assessee after appeal should attract interest under section 244(1A). It clarified that payments under section 140A are deemed for regular assessment, warranting interest on refunds. The Tribunal also declined the Revenue's request to refer a question of law to the High Court, deeming no legal ambiguity in the matter. en-us Fri, 08 Sep 1989 00:00:00 +0530 Fri, 17 Dec 2010 18:04:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58204 The case centered on the interpretation of provisions under sections 140A(1) and 244(1A) of the IT Act. The Tribunal upheld that excess amounts refunded to the assessee after appeal should attract interest under section 244(1A). It clarified that payments under section 140A are deemed for regular assessment, warranting interest on refunds. The Tribunal also declined the Revenue's request to refer a question of law to the High Court, deeming no legal ambiguity in the matter. Case-Laws Income Tax Fri, 08 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58204