Assessee entitled to interest on refund arising on excess payment of self-assessment tax U/s. 244A

CIT Vs. P.N. Writer (Bombay High Court)

Assessee was entitled to the interest on refund arising on excess payment of self-assessment tax under section 244A, despite the revenue’s contention that assessee had failed to produce any material which would demonstrate how this tax was worked out, and particularly during the course of self-assessment, since the self-assessment tax includes any amount of tax which had already been paid under the provisions of the Income Tax Act and once that was so, the assessee was entitled to interest.

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