Dear All,
Actually we had an income tax case under appeal relating to AY 2004-05 - 2009-10. Now the case has been ruled in our favour by ITAT.
our query is now suppose the amount is refunded by the department but they proceed with the case in high court and eventually if the case goes against us in high court, then will the interest on tax amount be calculated from AY 2004-05 or from the current date when we receive refund.
In other words whether the interest be calculated from the current date of refund or the date of original assessment by the AO. Please suggest.