2001 (2) TMI 875 - AT - Income Tax

Summary

The appeal was about interest under section 244(1A) on a refund of interest levied under section 217. The assessee argued for interest under section 244(1A) on the refund, citing relevant court cases. The Tribunal allowed the appeal, stating that interest is allowed on the refund of interest as per the decision of the Madras High Court.