Interest on refund has to be granted when withholding tax is paid pursuant to the AO’s order under section 195(2)

Advertisement Court: Mumbai Income-tax Appellate Tribunal Citation: ADIT Vs. Reliance Info comm Ltd. [2010-T11-84-ITAT-MUM-INTL] Brief:- In a recent ruling, the Mumbai Income-tax Appellate Tribunal (“the Tribunal”) in the case of ADIT Vs. Reliance Info comm Ltd. [2010-T11-84-ITAT-MUM-INTL]  has held that the assessee would be entitled to interest on the refund under the provisions of clause (b) of section 244A(1) of the Income Tax Act, 1961 (“Act”) if the refund became due under an order passed in any appeal or any other proceeding, as referred to in section 240 of ...