Once the refund becomes due, the interest is payable as per the provisions of section 244A of the Income Tax Act, 1961

ADIT (IT), Circle 2(2) v Taj TV Ltd. ITAT BENCH ‘L’, MUMBAI ITA No. 413 (MUM.) of 2008 Assessment Years: 2003-04 and 2004-05 Decided on: 28 January 2011 Order Vijay Pal Rao, JM This appeal by the revenue is directed against the order dated 17-10-2007 of CIT(A) -XXXI, Mumbai arising from the giving effect order passed by the Assessing Officer under section 250 for the assessment year 2003-04 only. 2. Only ground raised by the revenue in this appeal is that the CIT(A) erred in holding that the assessee is entitled to interest under section 244A of the Act in respect of exces...