Statutory provisions of interest on refund cannot be altered via issue of CBDT circular

New Era High School Committee Vs ACIT (ITAT Pune)

ITAT Pune held that the statutory provisions of interest on refund (section 244A of the Act) cannot be altered by issue of circular by CBDT to the extent they are beneficial to the taxpayer.

Facts-

The sole and substantive ground of appeal is directed against denial of interest on refund due u/s 244A of the Act from 1st April of AY where return was filed within extended time period in pur

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