https://www.taxtmi.com/caselaws?id=207948 The High Court ruled in favor of the petitioner, granting interest on the refunded amount for the delay in the refund process under Section 132 of the Income Tax Act, 1961. The court held that the petitioner was entitled to interest from the date of determination of no tax liability until the actual refund date, emphasizing the importance of timely refunds and compliance with statutory provisions and judicial precedents related to interest on delayed refunds. en-us Tue, 18 Jan 2011 00:00:00 +0530 Fri, 30 Dec 2011 09:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207948 The High Court ruled in favor of the petitioner, granting interest on the refunded amount for the delay in the refund process under Section 132 of the Income Tax Act, 1961. The court held that the petitioner was entitled to interest from the date of determination of no tax liability until the actual refund date, emphasizing the importance of timely refunds and compliance with statutory provisions and judicial precedents related to interest on delayed refunds. Case-Laws Income Tax Tue, 18 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207948