2019 (2) TMI 1589

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..... t of the Income Tax Appellate Tribunal. Following question was presented for our consideration: "Whether on the facts and in the circumstances of the case, the Tribunal was correct in law, in holding that interest u/s 244A is to be allowed on the self-assessment tax refunded to the assessee without appreciating the fact that self-assessment tax has been voluntarily paid by the assessee and not pu .....

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..... issued u/s. 156 of the I.T.Act and as such the assessee is not eligible for interest u/s. 244(1)(b) of the I.T. Act? (b) Whether on the facts and in the circumstances of the case, the Tribunal was correct in law, in holding that interest u/s.244A is to be allowed on the self-assessment tax refunded to the assessee ignoring the decision of the Delhi High Court in the case of Engineers India Ltd., .....

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..... g the appeal of the Respondent-Assessee. (ii) This grievance of the Revenue is unsustainable in law. This is so, as the Tribunal is bound by the decision of the jurisdictional High Court as held by the Apex Court in East India Commercial v/s. Collector of Customs AIR 1962 (SC) 1893 and this Court in CIT v/s. Thane Electricity Supply Co. Ltd., (1994) 206 ITR 727. (iii) Thus, no fault can be found .....

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