| Question And Answer | |
|---|---|
| Subject: | Computation of interest u/s 244A(1A) as per MUMBAI ITAT TATA SONS PVT LTD is payable not on Refund of Tax payment including Interest due relying on SUPREME COURT CASE IN HEG LTD VS CIT |
| Category: | Income-Tax |
| Querist: | Pankaj D Shah |
| Answered by: | Law Intern |
| Tags: | additional interest u/s 244A(1A) |
| Date: | July 26, 2026 |
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According to the Mumbai ITAT in Tata Sons Pvt. Ltd. v. DCIT (2024) 204 ITD 802 (Mum.)(Trib.), interest under section 244A(1A) is computed with a specific adjustment method, relying on the Supreme Court’s interpretation in CIT v. HEG Ltd. (2010) 324 ITR 331 (SC).
The assessee becomes entitled to interest on the unpaid refund (including the interest component that should have been paid earlier).
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