Interest on refund not hit by proviso to section 244A(1)(aa) of the Income Tax Act: ITAT Ahmedabad

Nirma Limited Vs DCIT (ITAT Ahmedabad)

ITAT Ahmedabad held that self-assessment tax paid by the assessee losses its character as self-assessment tax once it got adjusted against the tax liability determined in regular assessment. Thus, denial of grant of interest on refund, where refund is below 10% of tax determined, unjustified.

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