Interest on refund allowed from year of tax deduction and not from year of filing of return if PCM method is followed

IT : Where assessee, a contractor, followed project completion method of accounting and during assessment years 2003-04 to 2005-06 it had received certain payments after deduction of tax at source and in return of income filed for assessment year 2005-06 it had disclosed payments received during three assessment years 2003-04 to 2005-06 and Assessing Officer passed assessment order and granted refund to assessee, on such refund, interest in terms of section 244A would be payable from respective

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