HC held that upon successful appeal, the tax authority is...

HC held that upon successful appeal, the tax authority is obligated to refund the recovered amount under Income Tax Act provisions. The court directed the respondent to refund the entire recovered amount within seven days, with a stipulation that any delayed refund shall accrue interest at 6% per annum from the date of initial recovery until actual refund. The ruling affirms the petitioner's right to monetary restoration following the setting aside of the reassessment order under section 147, emphasizing procedural fairness and compensatory interest for unwarranted financial detention.