{"id":8420,"date":"2014-10-01T17:20:57","date_gmt":"2014-10-01T11:50:57","guid":{"rendered":"http:\/\/itatonline.org\/archives\/?p=8420"},"modified":"2014-10-01T17:22:18","modified_gmt":"2014-10-01T11:52:18","slug":"cit-vs-indian-oil-corporation-ltd-bombay-high-court-s-244a1b-refund-of-self-assessment-tax-is-also-entitled-to-interest","status":"publish","type":"post","link":"https:\/\/itatonline.org\/archives\/cit-vs-indian-oil-corporation-ltd-bombay-high-court-s-244a1b-refund-of-self-assessment-tax-is-also-entitled-to-interest\/","title":{"rendered":"CIT vs. Indian Oil Corporation Ltd (Bombay High Court)"},"content":{"rendered":"<table width=\"150\" border=\"0\" align=\"right\">\n<tr>\n<td><a href=\"https:\/\/itatonline.org\/archives\/?dl_id=1350\" onclick=\"if (event.button==0) \r\n     setTimeout(function () { window.location = 'http:\/\/itatonline.org\/downloads.php?varname=dl_id=1350&varname2=IOC_244A_SA_Tax.pdf'; }, 100)\" ><strong>Click here to download the judgement (IOC_244A_SA_Tax.pdf) <\/strong> <\/a><\/p><\/td>\n<\/tr>\n<\/table>\n<p><strong><br \/>\nS. 244A(1)(b): Refund of Self-Assessment tax is also entitled to interest<\/strong> <\/p>\n<p>The Tribunal held that a refund on account of self-assessment tax was entitled to interest u\/s 244A(1)(b). On appeal by the department to the High Court HELD by the High Court dismissing the appeal: <\/p>\n<blockquote><p>In view of the judgement of the Madras High Court in <strong>Cholamandalam Investment and Finance Ltd<\/strong> 294 ITR 438 (Special Leave Petition dismissed by the Supreme Court) and <strong>Sutlaj Industries Ltd<\/strong> 325 ITR 331 (Del) and the fact that there is nothing contrary, the appeal of the department is dismissed.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p><strong><br \/>\nS. 244A(1)(b): Refund of Self-Assessment tax is also entitled to interest<\/strong> <\/p>\n<p>In view of the judgement of the Madras High Court in <strong>Cholamandalam Investment and Finance Ltd<\/strong> 294 ITR 438 (Special Leave Petition dismissed by the Supreme Court) and <strong>Sutlaj Industries Ltd<\/strong> 325 ITR 331 (Del) and the fact that there is nothing contrary, the Appeal of the department is dismissed.<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/archives\/cit-vs-indian-oil-corporation-ltd-bombay-high-court-s-244a1b-refund-of-self-assessment-tax-is-also-entitled-to-interest\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,5],"tags":[],"class_list":["post-8420","post","type-post","status-publish","format-standard","hentry","category-all-judgements","category-high-court"],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/8420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/comments?post=8420"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/8420\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/media?parent=8420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/categories?post=8420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/tags?post=8420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}