M/S K LAKSHMANYA AND COMPANY vs. COMMISSIONER OF INCOME TAX
The appeal is dismissed in terms of the signed order
C.A. No.-004335-004335 - 2012Supreme Court01 Nov 2017
Bench: HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN
Section 241Section 244
245(D)(4) is an order passed in “other proceeding under
this Act”
Thus, it is clear that the assessee in the present case
is covered by Section 240 of the Act.
When it comes to interest on refund, Section 244, which
applied to assessment years up to and including assessment year
1989-90, made it clear that it would