https://www.taxtmi.com/caselaws?id=59903 The Tribunal allowed the appeal, directing the Assessing Officer to pay interest u/s 244A to the assessee on the refund amount, considering the self-assessment tax paid by the assessee. The Tribunal emphasized that interest is payable to the assessee for holding excess money paid as tax, especially when the excess tax paid was not immediately required to meet the tax liability. The decision overturned the CIT(A)'s ruling, supporting the assessee's argument that the intimation under section 143(1)(a) should be deemed as a notice of demand for claiming interest. en-us Fri, 03 Sep 1999 00:00:00 +0530 Thu, 08 Sep 2016 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59903 The Tribunal allowed the appeal, directing the Assessing Officer to pay interest u/s 244A to the assessee on the refund amount, considering the self-assessment tax paid by the assessee. The Tribunal emphasized that interest is payable to the assessee for holding excess money paid as tax, especially when the excess tax paid was not immediately required to meet the tax liability. The decision overturned the CIT(A)'s ruling, supporting the assessee's argument that the intimation under section 143(1)(a) should be deemed as a notice of demand for claiming interest. Case-Laws Income Tax Fri, 03 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59903