ITAT Allows Interest on Refund u/s 244A of Finance Act, 2016: A Matter of Fairness and Equity [Read Order]

ITAT Allows Interest on Refund - Interest on Refund - Interest - Refund - Finance Act - Equity - Taxscan

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) recently allowed interest on refund under Section 244A of the Finance Act 2016 as a matter of fairness and equity. Upon perusal of the order passed under Section 154, it could be seen that an assessment was framed against the assessee Nachimuthu Palaniswamy under Section…

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