1986 (2) TMI 112

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....lation to an application filed by the assessee under section 154 of the Income-tax Act, 1961 ('the Act') claiming interest under section 244(1A) of the Act on refund of Rs. 2,50,000. The assessment year involved is 1980-81 and the order under appeal is dated22-6-1984 passed by the Commissioner (Appeals). 2. The necessary facts for purpose of deciding this appeal are that the assessee-company en....

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.... of the order under section 250 of the Act passed on 28-3-1983 by the ITO, amount of tax to be deducted at source was reduced by Rs. 2,50,000 and the assessee was granted necessary refund along with ITNS-150A. The assessee did not appeal against the said order. Later, on 7-11-1983 an application under section 154 was moved for getting the order of 4-3-1983 rectified and it was stated that interest....

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....ered accountant framed two issues in relation to the memorandum of appeal, in which as many as 7 grounds are stated : (a) that refund of excess tax as determined by the order of the Commissioner (Appeals) dated 4-3-1983 should have been made alongwith interest ; and (b) that the first appellate authority erred is not considering the order under section 195 and the order thereon under section 250 a....