Interest u/s. 234C cannot be imposed in case of refund of advance tax

IN THE ITAT BANGALORE BENCH ‘A’ DCIT V/s. Mysore Paper Mills Ltd. IT APPEAL NOS. 352 & 391 (BANG.) OF 2011 [ASSESSMENT YEAR 1996-97] Date of Pronouncement – 08.06.2012 ORDER George George K , Judicial Member These two appeals, one preferred by the revenue and the other by the assessee are directed against the CIT(A)’s order dated 25.11.2010 in relation to assessment year 1996-97. 2. Since these appeals pertain to the same assessee, they are heard together and disposed off by this consolidated order for the sake of convenience. 3. We shall first cons...