Section 244A of the Income-tax Act, 1961—Refund— Assessee is entitled to interest under section 244-A on the refund of the excess self assessment tax paid by it.

Facts: Whether on the facts and in the circumstances of the case, the Tribunal was correct in law, in holding that interest u/s 244A is to be allowed on the self assessment tax refunded to the assessee without appreciating the fact that self assessment tax has been voluntarily paid by the assessee and not pursuant to a notice of demand issued u/s 156 and as such the assessee is not eligible for interest u/s 244(1)(b)?"

Held, that assessee is entitled to interest under section 244-A on the refund of the excess self assessment tax paid by it. - PR. CIT V/s BANK OF INDIA - [2019] 10 ITCD Online 79 (BOM)