Supreme Court Grants Interest on Refund under Income Tax Act

The SC granted leave and modified the HC's order to include payment of statutory interest with the refund amount to the appellant as per the Income Tax Act, 1961. Appellant to receive interest within three months. Appeal allowed with no costs.

---

---

The Supreme Court granted leave and modified the High Court's order to include payment of statutory interest along with the refund amount to the appellant as per the Income Tax Act, 1961. The appellant should receive the interest within three months. The appeal was allowed with no costs.

---