High Court Rules Interest u/s 220(2) of Income Tax Act is Mandatory Despite Stay; Refund Interest u/s 244A Allowed.

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....Grant of interest on refund of amount to the assessee u/s 244A - Interest u/s 220(2) - the finding recorded by the Commissioner as well as the Tribunal that the interest under Section 220(2) of the Act is not chargeable during the period of stay is perverse as the interest is mandatorily leviable under Section 220(2) of the Act. - HC....