Dismissing the appeal of the assessee the Tribunal held that ;Interest on refunds -Refund on account of excess TDS and advance tax was less than 10 per cent of total tax determined on regular assessment, hence not entitle to interest on refunds . ( AY.1991-92)
Indian Aluminum Company Ltd. v. DCIT (2018) 170 ITD 287 (Mum) (Trib.)
S. 244A : Refunds – Interest on refunds -Refund on account of excess TDS and advance tax was less than 10 per cent of total tax determined on regular assessment, hence not entitle to interest on refunds .