1990 (2) TMI 98

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.... that CIT(A) erred in confirming the action of the ITO for not granting interest under s. 244(1A) on the firming the action of the ITO for not granting interest under s. 244(1A) on the amount of Rs. 52,680. The said amount, it is urged by the learned counsel for the assessee, was paid in pursuance of an order of assessment and was determined as refundable consequent to an appeal. The appellant, th....

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....claim of the appellant. 3. On the other hand, the learned Departmental Representative supported the decision of the CIT(A). He argued that the interest contemplated under s. 244(1A) can be allowed to an assessee if the said interest arises out of the payment of income tax or penalty. The interest under the said section cannot be allowed on the refund of interest charged under s. 216 of the IT Ac....