High Court rules in favor of petitioners, awards interest for refund delay. The Gujarat High Court held in favor of the petitioners, ruling that they were entitled to interest as compensation for the delay in receiving the refund ...
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High Court rules in favor of petitioners, awards interest for refund delay.
The Gujarat High Court held in favor of the petitioners, ruling that they were entitled to interest as compensation for the delay in receiving the refund from the Department. The court found that the Department's failure to pay the refund on time, along with the absence of the provisional refund, warranted the payment of interest to the petitioners.
The case involves a petition where the Department paid a refund to the petitioners late, without the required interest. The petitioners also did not receive the provisional refund as per the statute. The petitioners sought interest as compensation for the delay. The case is returnable on 23rd November 2018 before the Gujarat High Court.
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