Addition for interest U/s. 244A cannot be made in absence of intimation regarding grant of interest

Denis Chem Lab Ltd. Vs ACIT (ITAT Ahmedabad) With regard to confirming the addition for a sum of Rs.46,960/- being interest u/s.244A on Income Tax Refund for Y.2009-10 is concerned. AO during the course of assessment proceeding on verification of the details generated through Income Tax Department noticed that appellant received Rs.46,960/- on 01/03/20 12 as interest u/s.244A of the Act on refund. AO contended that interest received u/s.244A of the act is taxable under the head “income from other sources”. In this case, though the refund of Rs.46,960/- was shown in the record of Income Ta...