Interest U/s. 244A allowable on unpaid interest component

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 for the assessmen...