CBDT Instruction on Section 244A Of The Income-Tax Act, 1961 – Refunds – Interest On – Grant Of Interest On Refunds Under Section 244a Simultaneously With Issue Of Refund

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SECTION 244A OF THE INCOME-TAX ACT, 1961 – REFUNDS – INTEREST ON – GRANT OF INTEREST ON REFUNDS UNDER SECTION 244A SIMULTANEOUSLY WITH ISSUE OF REFUND INSTRUCTION NO. 2/2007, DATED 28-3-2007 1. In terms of section 244A of the Income-tax Act, 1961 (Act), an assessee is entitled to receive interest calculated in the manner provided in the…

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