Held that the Assessing Officer had not granted interest under section 244A on the refund determined despite the directions of the Dispute Resolution Panel to examine it and grant interest as per law. The Assessing Officer is directed to examine the issue and follow the directions of the Dispute Resolution Panel.(AY.2016-17)
Nike India P. Ltd. v. Dy. CIT (2023)108 ITR 666 (Bang) (Trib)
S. 244A : Refunds-Interest on refunds-Not granting interest despite directions of Dispute Resolution Panel-Assessing Officer is directed to follow the directions of the Dispute Resolution Panel and grant interest in accordance with law.