https://www.taxtmi.com/caselaws?id=115650 The Tribunal dismissed the Revenue's appeal against the order granting refund but rejecting interest under Section 11BB. It upheld the payment of interest on delayed refunds, emphasizing the statutory requirement and rejecting arguments on recovery of erroneous refunds and ethics of interest payment in taxation matters. The Tribunal found that the delay was not a valid reason to deny interest, citing social justice considerations and the principle of unjust enrichment. The decision was based on the settled issue in favor of the Respondents and the statutory mandate for interest on delayed refunds. en-us Tue, 05 Jul 2005 00:00:00 +0530 Thu, 31 May 2012 17:24:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115650 The Tribunal dismissed the Revenue's appeal against the order granting refund but rejecting interest under Section 11BB. It upheld the payment of interest on delayed refunds, emphasizing the statutory requirement and rejecting arguments on recovery of erroneous refunds and ethics of interest payment in taxation matters. The Tribunal found that the delay was not a valid reason to deny interest, citing social justice considerations and the principle of unjust enrichment. The decision was based on the settled issue in favor of the Respondents and the statutory mandate for interest on delayed refunds. Case-Laws Central Excise Tue, 05 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115650