https://www.taxtmi.com/caselaws?id=203881 The High Court set aside the Appellate Tribunal's order mandating payment of interest on interest, ruling that the Customs Act does not provide for such payment. The Court emphasized that interest under the Act is limited to delayed refunds of duty, not interest on interest. The decision in Commissioner of Income Tax vs. Narendra Doshi was deemed inapplicable as the Customs Act has specific provisions governing interest. The Court held that statutory provisions do not support interest on interest, allowing the Revenue's appeal and denying the assessee's claim for additional interest. en-us Sat, 09 Apr 2011 00:00:00 +0530 Sat, 31 Dec 2011 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203881 The High Court set aside the Appellate Tribunal's order mandating payment of interest on interest, ruling that the Customs Act does not provide for such payment. The Court emphasized that interest under the Act is limited to delayed refunds of duty, not interest on interest. The decision in Commissioner of Income Tax vs. Narendra Doshi was deemed inapplicable as the Customs Act has specific provisions governing interest. The Court held that statutory provisions do not support interest on interest, allowing the Revenue's appeal and denying the assessee's claim for additional interest. Case-Laws Customs Sat, 09 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203881