Interest on Refund adjusted against demand allowable till date of adjustment

Tata Steel Limited Vs ACIT (ITAT Mumbai) The issue under consideration is whether the assessee is entitled for interest u/s.244 of the Act from the date of payment of taxes till the date such taxes were actually adjusted against the demand of some other assessment year? ITAT states that while giving effect to the order of the Tribunal order in the proceedings passed by the ld. AO, the ld. AO had finally determined the refund which was ultimately adjusted against the demand of A.Y.2009-10. Hence, this is a case of assessee seeking interest on the taxes actually paid by him which ultimately resu...