calculation of interest in case of call book cases

[Guest]

Dear Sirs,

Is there any Board's clarification on charging of interest for the period under call book in cases where department has gone in appeal to Courts which normally takes long time before it is decided. If not, what is the way out for the assessee because in such cases he will have to pay a large sum of money as interest for no fault of his.

AI Summary

Call Book Case Interest Calculation Lacks Guidelines; Urgent Need for Reform to Ease Financial Burden on Assessees. A discussion on the calculation of interest in call book cases highlights concerns about the lack of guidelines for charging interest when cases are delayed due to department appeals. Participants express frustration over the financial burden on assessees and the absence of statutory provisions or Board instructions. They suggest that trade bodies should address this with the Board. The discussion also touches on the systemic delays in the judicial process, comparing it to the prolonged suffering of individuals awaiting trial. The need for reform and consideration by the Board is emphasized, with examples of cases pending for decades.