Tax deductor is entitled to interest on delayed refund when it is ordered to deduct tax even though no such liability ex

Tax deductor is entitled to interest on delayed refund when it is ordered to deduct tax even though no such liability exists Mumbai Bench of the Income-tax Appellate Tribunal (the Tribunal) in the case of DDIT Vs. MSM Satellite (Singapore) Pvt. Ltd. [201 1-TII-04-ITAT-Mum-INTL] (Judgement Date: 26 November 2010, Assessment Year: 2007-08) held that the taxpayer is entitled to interest on delayed refund as per section 244A of the Income-tax Act, 1961 (the Act) when it is ordered to deduct tax but subsequently it was found in appeal that no such liability exists. Further, the Tribunal held that t...