LAWS(MPH)-2009-6-67

UNIVERSAL CABLES LTD Vs. COMMISSIONER OF INCOME TAX

Decided On June 25, 2009
UNIVERSAL CABLES LTD. Appellant
V/S
COMMISSIONER OF INCOME TAX Respondents

JUDGEMENT

(1.) THE present appeal preferred under Section 260A of the Income Tax Act 2(7), 1961 (hereinafter referred to as 'the Act') was admitted on the following substantial questions of law:

(2.) WHETHER in the facts and circumstances of the case, the Tribunal was justified in holding that as refund has been issued under Circular No. 285, independently of the Income Tax Act, 1961, the appellant is not entitled for interest on the refunded sum?

(3.) COMMISSIONER (Appeals) by the order dated 4 -3 -1996 directed the Assistant Commissioner (TDS), Jabalpur to grant interest under Section 244A of the Act on the refunded sum.