Court Evaluates Entitlement to Interest on Refunds and Interest on Interest for AY 2020-21 u/s 244A.

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Full Text of the Document

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....Interest on refund u/s. 244A - Short grant of interest u/s. 244A - Interest on interest as available to assessee under newly inserted sub-clause (1A) will have to be analysed in accordance with law. - The year under consideration is Assessment Year 2020-21 and therefore interest on interest has to be computed for the shortfall amount that assessee is liable to receive. - AT....