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TMI Blog2014 (1) TMI 1040X X X X Extracts X X X X X X X X Extracts X X X X ..... by the Tribunal - When the CIT(A) itself has observed that the interest under Section 244A of the Act should be considered in accordance with law and the said order has been confirmed by the Tribunal, apprehension on the part of the appellant is not well founded – Decided against Revenue. - TAX APPEAL NO. 788 of 2013 - - - Dated:- 16-9-2013 - M.R. SHAH AND SONIA GOKANI , JJ. For the Appell ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to as 'the Act') claiming credit/refund of the aforesaid amount of Rs.1,30,00,000/- as well as interest thereon under Section 244A of the Act. Vide order dated 03/02/2012, the Assistant Commissioner of Income Tax (OSD) Circle - 8 has allowed the said application and directed to give credit of Rs.1,30,00,000/-. However, as such, no order was passed granting interest on the aforesaid amount under Se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing Officer to grant interest under Section 244A of the Act on the refund till date of issue of the review order to the assessee in accordance with law and provision of the Act after taking into account the date of advance tax and other details. When the order passed by the CIT(A) was further carried in appeal before the ITAT, the Tribunal by impugned judgment and order dismissed the appeal agains ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ehalf of the revenue and considering the order passed by the CIT(A), which has been confirmed by the Tribunal, it appears that CIT(A) has directed the Assessing Officer to grant the interest under Section 244A of the Act on the refund issue till the date of issue of the refund order to the assessee in accordance with law and the provisions of the Act. Meaning thereby, the CIT(A) has kept open all ..... X X X X Extracts X X X X X X X X Extracts X X X X
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