https://www.taxtmi.com/caselaws?id=60205 The Tribunal ruled in favor of the departmental representative, setting aside the order of the CIT(A) and reinstating that of the ITO. The dispute involved penalty imposition under s. 271(1)(a) of the IT Act, interest payment under s. 220(2), refund entitlement with interest under s. 244(1A), and the calculation of interest on the principal amount of penalty. The Tribunal distinguished between interest components, concluding that interest under s. 244(1A) should not include interest paid under s. 220(2). en-us Thu, 13 Dec 1984 00:00:00 +0530 Tue, 04 Jan 2011 12:26:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60205 The Tribunal ruled in favor of the departmental representative, setting aside the order of the CIT(A) and reinstating that of the ITO. The dispute involved penalty imposition under s. 271(1)(a) of the IT Act, interest payment under s. 220(2), refund entitlement with interest under s. 244(1A), and the calculation of interest on the principal amount of penalty. The Tribunal distinguished between interest components, concluding that interest under s. 244(1A) should not include interest paid under s. 220(2). Case-Laws Income Tax Thu, 13 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60205