The appeals of the assessee are partly allowed for statistical purposes and the appeal of the Revenue in ITA
Bench: Shri Anil Chaturvedi, Am & Shri Partha Sarathi Chaudhury,Jm Sl.
244A(3), such variation of interest shall be substituted for the interest originally granted by reduced or increased amount, as the case may be, by rectification u/s.154 of the Act. [Relied on Garden Silk Mills Vs. CIT (1996) 221 ITR 861 (Guj.)] Accordingly, the AO has jurisdiction for rectifying the interest paid/payable on refund