Answers On Topic: Section 244A(1A)
Hi, Kindly clarify for the purpose of computing interest under section 244A(1A) of the Act whether the same should be calculated on the A- [Refund+244A(1) interest] or B - Refund (w/o Interest u/s 244A(1))
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Can additional 3% interest be awarded on IT Refund U/s 244A(1A) Rw 244A(3) abstracted as under– Sec 244A(3) —Where, as a result of an order under section 155 —– the amount on which interest was payable under sub-section (1) has been increased —— the interest shall be increased —– and the provisions of this Act shall apply accordingly.*** *** Which includes above referred sec 244(1A) also*** Kindly enlighten me in this regard Thanks
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Kindly clarify whether for the entitlement of awarding 3% additional interest under section 244A(1A) in a case existence of passed finally appeal or revision order effect of which is involved must be of the same assessee and for the same asst. yr. Can it not be given in other similar facts of the case under section 158A(5) ?
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Computation of interest under section 244A(1A) of the Act