1985 (11) TMI 80 - AT - Income Tax

Summary

The CIT requested the Tribunal to refer a question of law regarding the grant of interest under section 214 of the IT Act. The Tribunal declined as no question of law arose from the order. The dispute was about interest on advance tax refund, with the Tribunal upholding interest up to the refund date based on previous court decisions. The Tribunal found no need to refer the case to the High Court as the law was clear and supported by existing decisions. The reference applications were rejected.