S. 244A : Refund-Interest on refunds-Assessment-Reassessment-Fresh assessment-Order giving effect-Assessing Officer not passing order giving effect within time specified-Assessee entitled to additional interest-Directed to compute the interest with in eight weeks-Failure to comply the direction the Department was to pay to the assessee extra interest, at the rate of 1.5 per cent. per month to be recovered personally from the erring officials of the Department. [S. 2(8), 2(40) 153 (5), 244A(IA), 254, Art. 226]
Wipro Ltd. v. JCIT (2021) 438 ITR 581 / 205 DTR 434/ 322CTR 757 /130 taxmann . com 84 (Karn.)(HC)