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TMI Blog2012 (4) TMI 798X X X X Extracts X X X X X X X X Extracts X X X X ..... hree appeals preferred by the assessee are directed against the separate orders dated 19-2-2010 for assessment years 1996-97 and 1997-98 and dtd. 15-3-2010 for A.Y. 2002-03 passed by the ld. CIT(A). Since facts are identical and issue involved is common, all these appeals are disposed of by this common order for the sake of convenience. 2. The common ground taken by the assessee in all these ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... order 05-11-2008 2002-03 Order giving effect to CIT(A) s order r.w.order u/s 154 23-06-2008 The assessee claimed that the interest u/s 244A of the Income Tax 1961 (the Act) has not been allowed till the issue of refund voucher. On appeal, the ld. CIT(A) held that the appellant is not entitled to interest on inter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . The ld. D.R., on the other hand, while strongly relying on the order of the ld. CIT(A) submits that under the Income-tax Act there is no such provision to allow such interest and, therefore, the ld. CIT(A) was fully justified in not allowing the same. She, therefore, submits that the order passed by the ld. CIT(A) be upheld. 6. We have carefully considered the submissions of the rival parties ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ame payable. The assessee was entitled to interest for 57 months on ₹ 45,73,528/-. 9. In the Development Bank of Singapore Ltd. (supra) the Tribunal directed the A.O. to allow interest on interest in accordance with the decision of the Hon ble Supreme Court in the case of Sandvik Asia Ltd. (supra). 10. Respectfully following the authoritative pronouncement of the Hon ble Supreme Court ..... X X X X Extracts X X X X X X X X Extracts X X X X
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