Interest U/s. 244A on refund of excess SA tax payable from self-assessment tax payment date

Asst. CIT Vs. Bharat Petroleum Corporation Ltd. & Vice-Versa (ITAT Mumbai) As per the decision of the Hon’ble Bombay High Court in the case of The Stock Holding Corporation Of India Ltd.  and Calcutta High Court in the case of Birla Corporation Limited, we are of the view that refund under section 244A(1)(b) of the Act on self assessment tax is to be paid from the date of payment of self assessment tax till the date of grant of refund. FULL TEXT OF THE ITAT ORDER IS AS FOLLOWS:- These cross appeals are arising out of the order of Commissioner (Appeals)-4, Mumbai, in appeal No. CIT(...