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Interest U/s. 244A allowable on unpaid interest component
Case Law Details
- Case Name
- Dy. CIT Vs Peerless General Finance & Investment Co. Ltd. (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2002-03
- Courts
- All ITAT, ITAT Kolkata
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Dy. CIT Vs Peerless General Finance & Investment Co. Ltd. (ITAT Kolkata)
Assessee is entitled for interest under section 244A of the Act on the unpaid interest and the unpaid interest partakes of the character of the principal amount due to the assessee as section 244A of the Act states any amount due to the assessee.
Full Text of the ITAT Order is as follows:-
This appeal preferred by the Revenue is against the order passed by the learned Commissioner (Appeals) (in short “the learned Commissioner (Appeals)”) vide Appeal No. 152/CIT(A)-I/Cir-3/07-08, dt. 30-9-2008 ...
