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| The Tax Publishers2020 TaxPub(DT) 1229 (SC) : (2020) 270 TAXMAN 0089 INCOME TAX ACT, 1961
Section 261 & 244A
Where the Department preferred SLP to appeal against the judgment of Bombay High Court in Pr. CIT-2 v. Bank of India (IT Appeal No. 1589 of 2016, dt. 5-2-2019), whereby the High Court held that it is settled position that assessee is entitled to interest under section 244A on refund of excess self-assessment tax paid by it. Accordingly, the Tribunal was justified in holding that interest under section 244A was to be allowed on self-assessment tax refunded to assessee, the Supreme Court granted leave to Department to appeal thereagainst with directions to be heard along with C.A. No. 14528 of 2015 and other connected matters.
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Appeal (Supreme Court) - Special leave petition - Refund - Interest under section 244A -- Refund arising on excess payment of self-assessment tax -- Allowability of
Where the Department preferred SLP to appeal against the judgment of Bombay High Court in Pr. CIT-2 v. Bank of India (IT Appeal No. 1589 of 2016, dt. 5-2-2019), whereby the High Court held that it is settled position that assessee is entitled to interest under section 244A on refund of excess self-assessment tax paid by it. Accordingly, the Tribunal was justified in holding that interest under section 244A was to be allowed on self-assessment tax refunded to assessee. Held: The Supreme Court granted leave to Department to appeal thereagainst with directions to be heard along with C.A. No. 14528 of 2015 and other connected matters.
REFERRED :
FAVOUR : Leave granted
A.Y. :
IN THE SUPREME COURT OF INDIA
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