https://www.taxtmi.com/caselaws?id=77624 Where refund arises from taxes paid, the assessor is entitled to simple interest under the interest provision; refunds out of pre-paid taxes follow the clause (a) computation and other tax refunds follow clause (b) computation, and self-assessment tax paid under section 140A qualifies as "refund of any amount" so is payable with interest. The computation period for self-assessment tax refunds is from payment to actual refund and entitlement is grounded in the principle of compensation for monies wrongfully retained, supported by prior judicial authority applying statutory liability to pay interest on refunds. en-us Mon, 15 Mar 2010 00:00:00 +0530 Wed, 28 Jan 2026 18:37:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77624 Where refund arises from taxes paid, the assessor is entitled to simple interest under the interest provision; refunds out of pre-paid taxes follow the clause (a) computation and other tax refunds follow clause (b) computation, and self-assessment tax paid under section 140A qualifies as "refund of any amount" so is payable with interest. The computation period for self-assessment tax refunds is from payment to actual refund and entitlement is grounded in the principle of compensation for monies wrongfully retained, supported by prior judicial authority applying statutory liability to pay interest on refunds. Case-Laws Income Tax Mon, 15 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77624