Section 244A interest eligible on refund of self-assessment tax

Advertisement DCIT Vs Emcure Pharmaceuticals Ltd. (ITAT Pune) The only issue raised in this appeal is against the granting of interest u/s 244A of the Income-tax Act, 1961 (hereinafter also called `the Act’) on self assessment tax paid by the assessee. Succinctly, the facts of the case are that the Assessing Officer (AO), in computing interest payable to the assessee on refund u/s.244A of the Act, did not include the amount of self-assessment tax paid by the assessee. The ld. CIT(A) accepted the assessee’s contention and directed to allow interest, inter alia, on the amount of self-asse...