2017 (1) TMI 1779

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....tain to the same assessee, involving common issue and arising out of identical set of facts and circumstances, therefore, as a matter of convenience, these appeals were heard together and are being disposed off by way of this consolidated order. 3. The first common issue raised in grounds no.1 and 2 in both the appeals relates to claim of interest under section 244A of the Income Tax Act, 1961 (for short "the Act"). 4. Brief facts are, in the assessment year 1999-2000, assessment was completed making certain additions which resulted in extra tax demand on the issue. On the basis of additions made, the Assessing Officer initiated proceedings for initiation of penalty under section 271(1)(c) of the Act and ultimately passed an orde....

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....upheld the order of the Tribunal. He, therefore, submitted, assessee's claim for interest on delayed payment of refund should be allowed till the date of issuance of refund voucher on 20th May 2011. 6. Learned Departmental Representative agreed that the issue is covered in favour of the assessee by the decision of the Tribunal, Lucknow Bench and the Hon'ble Allahabad High Court. 7. We have considered the submissions of the parties and perused the material available on record. The short issue before us is, whether the assessee is entitled to receive interest us 244A of the Act till the date of issuance of refund voucher. We find, the Tribunal, Lucknow Bench in assessee's own case cited supra, had decided the issue in favour of the....