2021 (2) TMI 649

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....he Respondent : Mr.T.Ravikumar, Senior Standing Counsel JUDGMENT M.DURAISWAMY, J. The above appeal arises against the order dated 29.06.2012 passed by the Income Tax Appellate Tribunal "A" Bench in I.T.A.No.758/Mds/ 2012 in respect of the assessment year 2002-03. 2.It is the case of the appellant that they are engaged in the business of manufacture of brake assemblies and automobile co....

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....d to the assessee. In consequence of the direction given by the CIT, the Assessing Officer passed an order under Section 143(3) read with Section 263 on 18.12.2007, determining the total income at Rs. 26,52,33,550/-. The assessee preferred an appeal against the said order before the CIT (Appeals) and the Appellate Authority, by order dated 24.04.2008, partly allowed the appeal. While giving effect....

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.... the Appellate Authority by order dated 21.02.2012 rejected the contentions of the assessee holding that the interest under Section 244A is to be granted only if there is inordinate delay in the granting of refund. Aggrieved by the order of the CIT (Appeals), the assessee preferred an appeal to the Income Tax Appellate Tribunal and the Tribunal, by its order dated 29.06.2012, confirmed the order o....

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....ayable?" 4.Heard Mr.R.Venkatanarayanan, learned counsel for the appellant and Mr.T.Ravikumar, learned senior standing counsel for the respondent. 5.The learned counsel appearing for the appellant submitted that in similar circumstances, in respect of the same assessee, the Hon'ble Division Bench of this Court, by its judgment dated 20.03.2019 in T.C.A.Nos.813, 814, 816 to 819 of 2009, fo....