Dismissing the appeal of the revenue the Court held that the Tribunal was correct in law, in holding that interest u/s 244A is to be allowed on the self-assessment tax refunded to the assessee.
PCIT v. Bank of India [2020] 114 taxmann.com 188 (Bom.)(HC) Editorial: SLP is granted to the revenue, PCIT v. Bank of India (2020) 270 Taxman 89 (SC)
S. 244A : Refund-Interest on refunds-Self assessment tax-Entitle to interest on refund. [S. 156, 244(1)(b)]