Section 244A(1)

Section 244A(1) — the law in short

What the courts have decided on section 244A(1), in one screen. Read this first; open an entry when you need the facts, the reasoning and the source.

• CIT v M/s. Syndicate Bank High CourtHelps taxpayerValidity unconfirmed
  My refund was paid but the s.244A interest due on it was left out. Is the department liable to pay interest on that omitted interest, or is that the forbidden interest on interest?
  The Karnataka High Court held the department is liable, and that this is not interest on interest. Following the three-Judge Bench in CIT v. HEG Ltd., it held that the interest component partakes of the character of the 'amount' that becomes due to the assessee under s.244A, so an order of refund must include the interest payable, and if it does not, the Revenue is liable to pay interest on the shortfall.

Listed strongest first: Supreme Court, then High Court, then Tribunal, then CBDT. Nothing here has yet been read in full by a chartered accountant — open an entry to see where it came from.