Assessee not entitled to interest on refundable amount per High Court ruling

The High Court of Bombay held that the assessee is not entitled to interest on the refundable amount, following a Full Bench decision. Judge S. P. Bharucha delivered the judgment, with no costs awarded.

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The High Court of Bombay ruled that the assessee is not entitled to interest on the refundable amount based on a Full Bench decision. The judgment was delivered by Judge S. P. Bharucha. No costs were awarded. (Case citation: 1988 (11) TMI 56 - BOMBAY High Court)

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