2016 (1) TMI 1353

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....late Tribunal ('ITAT') in ITA Nos. 6199 and 6200/Del/1997 for the Assessment Years ('AYs') 1994-95 and 1995-96 respectively. 2. In both the appeals, the questions of law already stand framed by the Court. As far as ITA No. 493 of 2003 is concerned, by the order dated 14th January 2004, the following question was framed: "What would be the date for reckoning the interest on refund under Section 244A(1) (b)?" 3. As far as ITA No. 120 of 2004 for the AY 1995-96 is concerned, by the order dated 14th September 2004, the following question was framed: "For the purpose of calculating interest on refund under section 244A (1) (b) what would be the date from which the interest is to be awarded." 4. However, after hearing l....

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....e Supreme Court in CIT v. Gujarat Fluoro Chemicals [2014] 42 Taxmann. com 1(SC) and of the DB of this Court the CIT v. Engineers India Ltd. [2015] 373 ITR 377(Del.) 7. It must be noticed that the questions that arose for consideration both in Sutlej Industries (supra) for AY 1998-99 and Engineers India Ltd. (supra) were identical to the issues that arise in the present appeals, viz., whether the Assessee is entitled to interest on refund of self assessment tax and further, if so, the date from which such interest would be payable? The said questions were answered in favour of the Assessee by a DB of this Court in Sutlej Industries (supra) for AY 1998-99. However, in Engineers India Ltd. (supra) another DB of the same strength has answere....