{"id":15155,"date":"2021-02-02T12:30:12","date_gmt":"2021-02-02T12:30:12","guid":{"rendered":"https:\/\/itatonline.org\/digest\/garsim-industries-ltd-v-dcit-2021-bcaj-january-p-47-mum-trib\/"},"modified":"2021-02-02T12:30:12","modified_gmt":"2021-02-02T12:30:12","slug":"garsim-industries-ltd-v-dcit-2021-bcaj-january-p-47-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/garsim-industries-ltd-v-dcit-2021-bcaj-january-p-47-mum-trib\/","title":{"rendered":"Garsim Industries Ltd v .DCIT ( 2021) BCAJ \u2013 January -P. 47 ( Mum) (Trib)"},"content":{"rendered":"<p>Tribunal held that refund is to be adjusted the correct\u00a0 amount of interest payable\u00a0 thereof\u00a0 to be computed as per the directions of the CIT(A) only the balance amount to be adjusted against the tax paid . Accordingly , unpaid amount is the tax component and therefore the assessee would be entitled for claiming interest on the tax component remaining unpaid . This would not amount to granting interest in interest . \u00a0\u00a0( ITA No. 473\/ Mum\/ 474 \/Mum\/ 2016 \/1120 \/Mum \/2016 \/ 1121\/Mum\/ 2016 dt\u00a0 11-9 -2020) (AY. 2007 -08 , 2008 -09)<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 244A : Refund \u2013 Interest on refunds \u2013 Un paid amount of tax the assessee entitle to interest this would not amount to granting interest on interest . [ S.244A(1) (b) ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-15155","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Wr","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=15155"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15155\/revisions"}],"predecessor-version":[{"id":15156,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15155\/revisions\/15156"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}