Interest u/s 244A is receivable up to the date of issue of refund cheque

Tata Communications Payment Solutions Ltd. Vs DCIT (ITAT Mumbai) Interest on refund amount, under section 244A of the Act, is receivable up to the date of issue of refund cheque. Facts- The assessee is engaged in the business of ATM management and allied services. It filed its ROI on 30th November, 2015 declaring total income of ₹217,36,12,673/-. The return was picked up for scrutiny and assessment order was passed under section 143(3) of the Income-tax Act, 1961 (the Act) on 12th December, 2017. The ROI was accepted as it is and no addition / disallowance was made. The assessee preferred th...