M/S HOPE TEXTILES LTD.,INDORE vs. THE ACIT 5(1), INDORE

In the result, all the appeals filed by the assessee are dismissed

Bench: Shri Kul Bharat & Shri Manish Borad

Section 244A provides for interest on principal. There is no provision of interest on interest in Income Tax Act. So it can be said that there was no delay on part of the department till 2007 when interest on refund u/s 244A was given, rather the delay was always on the part of the assessee first in depositing the provision

MAHESH KHANDELWAL,INDORE vs. ADDL JCIT (A) -1 JAIPUR, JAIPUR

Appeal is allowed

condone\nthe delay if at all there be.\n13.\nSo far as the dispute involved is concerned, on perusal of documents\nas noted above, we agree that the assessee has already made addition of Rs.\n2,70,000/- before filing return of income and the addition made by AO in\nthe intimation u/s 143(1) has resulted in double addition