Supreme Court · 2014 INSC 144 · Decided 26 February 2014
Union of India Through Director of Income Tax v. M/S Tata Chemicals LTD.
- Court
- Supreme Court of India
- Citation
- 2014 INSC 144 · [2014] 3 S.C.R. 298
- Case number
- CIVIL APPEAL No. 6301/2011
- Decided
- 26 February 2014
- Bench
- H.L. DATTU, S.A. BOBDE (2-judge bench)
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 244
Headnote
INCOME TAX ACT, 1961: s.244-A - Liability of Revenue for payment of interest on refund of tax made to resident/deductor uls 240 - Held: The language of s. 244-A is precise, clear and unambiguous - Sub-s. (1) of s.244A speaks of interest on refund of the D amounts due to an - Assessee is entitled for the said amount of refund with interest thereon as calculated in accordance with clauses (a) and (b) of sub-s. (1) of s.244A - In calculating the interest payable, the Section provides for different dates from which the interest is to be calculated - Interest payment to
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