1986 (2) TMI 113

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.... assessee under s. 154 of the IT Act, 1961 claiming interest under s. 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 dt.22nd June, 1984passed by the CIT (A)-IX,New Delhi. 2. The necessary facts for purpose of deciding this appeal are that the assessee company entered into a technical collaboration agreement with M/s. Sybron C....

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....nt of tax to be deduced at source was reduced by Rs. 2,50,000 and the assessee was granted necessary refund alongwith ITNS 150A. The assessee did not appeal against the said order. Later, on 7th Nov., 1983, an application under s. 154 was moved for getting the ordered of 4th March, 1983 rectified and it was stated that interest under s. 244 (1A) on refund of Rs. 2,50,000 should have been granted. ....

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....tated: (a) that refund of excess tax as determined by the order of the CIT(A) dt. 4th March, 1983 should have been made alongwith interest; and (b) that the first appellate authority erred in not considering the order under s. 195 and the order thereon under s. 250 as orders covered by s. 244(1A) of the Act. Shri Ganeshan took pains to explain to us that the word "assessment" under s. 244(1A) of t....