https://www.taxtmi.com/caselaws?id=60897 The Tribunal held that interest under section 244(1A) of the Income-tax Act was not applicable to the interest amount refunded under section 220(2) of the Act. The Tribunal emphasized that interest under section 244(1A) is only allowable on the excess payment of tax or penalty, not on interest paid. Therefore, the Tribunal upheld the impugned order and dismissed the assessee's appeal. en-us Wed, 31 Aug 1994 00:00:00 +0530 Sat, 08 Jan 2011 14:43:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60897 The Tribunal held that interest under section 244(1A) of the Income-tax Act was not applicable to the interest amount refunded under section 220(2) of the Act. The Tribunal emphasized that interest under section 244(1A) is only allowable on the excess payment of tax or penalty, not on interest paid. Therefore, the Tribunal upheld the impugned order and dismissed the assessee's appeal. Case-Laws Income Tax Wed, 31 Aug 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60897