Tribunal held that interest received on income tax refund assessable under head income from other sources was to be taxed in year in which right to such refund had been recognized by an order or date on which it was actually received. (AY. 2006-07, 2007-08)
R. Pratap v. CIT (2020) 183 ITD 750/195 DTR 217/208 TTJ 24 (Cochin)(Trib.)/R. Prakash v. CIT (2020) 183 ITD 750/195 DTR 217/208 TTJ 24 (Cochin) (Trib.)/Ramesh Chandran Nair v ACIT CIT (2020) 183 ITD 750/195 DTR 217/208 TTJ 24 (Cochin) (Trib.) T.C .Usha v ACIT CIT (2020) 183 ITD 750/195 DTR 217/208 TTJ 24 (Cochin) (Trib.) Vijaylaxmi Cashew Co v. ACIT CIT (2020) 183 ITD 750/195 DTR 217/208 TTJ 24 (Cochin) (Trib.)
S. 244A : Refund-Interest on refunds-Assessable under head income from other sources-Taxable in which right to such refund had been recognised or date on which it was actually received.