Income Tax Act Sections 237, 240, and 244(1A) mandate refunds and interest for tax overpayments by Assessing Officer.

Interest on refund u/s 244(1A) - The reading of Sections 237, 240 and 244(1A) casts a duty on the Assessing Officer to charge that much of tax which the assessee is liable to pay and mandates the refund of the excess amount along with interest - HC .....

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