https://www.taxtmi.com/caselaws?id=202599 The court allowed the appeal by the Revenue and reversed the Tribunal's decision, holding that the assessee was entitled to interest under section 244A of the Income-tax Act, 1961 for the delay in granting a tax refund. Despite the assessee's partial responsibility for the delay due to raising the taxability issue during the appeal stage, the court determined that interest on the refunded amount should be paid from the date of the appellate order modifying the assessment until the refund payment. The judgment clarified that interest on refunds is automatic and compensatory, even in cases where the delay is partly attributable to the assessee. en-us Mon, 06 Sep 2010 00:00:00 +0530 Mon, 24 Dec 2012 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202599 The court allowed the appeal by the Revenue and reversed the Tribunal's decision, holding that the assessee was entitled to interest under section 244A of the Income-tax Act, 1961 for the delay in granting a tax refund. Despite the assessee's partial responsibility for the delay due to raising the taxability issue during the appeal stage, the court determined that interest on the refunded amount should be paid from the date of the appellate order modifying the assessment until the refund payment. The judgment clarified that interest on refunds is automatic and compensatory, even in cases where the delay is partly attributable to the assessee. Case-Laws Income Tax Mon, 06 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202599