Interest Allowable to Delay in Refund in case of Self-Assessed Tax u/s 244A(1) of Income Tax Act: ITAT [Read Order]

Interest - Refund - Self - Assessed - Tax - us - 244A(1) - Income - Tax - Act - ITAT - TAXSCAN

Pune bench of Income Tax Appellate Tribunal (ITAT) ruled that interest is allowed to delay in refund in self-assessment tax under section 244A(1) of Income Tax Act, 1961. The appeal was filed by the Revenue assailing the correctness of the order passed by the Commissioner of Income Tax (Appeals) [CIT(A)] in relation to the A.Y….

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