https://www.taxtmi.com/caselaws?id=209901 The High Court of Calcutta allowed the appeal, directing the Income-tax Authority to pay interest to the appellant under section 244(1A) of the Income-tax Act for delayed payment of interest. The Court ruled in favor of the appellant, applying Supreme Court decisions on interest on interest prospectively and emphasizing the equitable nature of interest payments. The judgment highlighted the binding nature of Supreme Court decisions on legal principles and ordered the Income-tax Authority to comply with the relevant provisions of the Income-tax Act. en-us Fri, 17 Jun 2011 00:00:00 +0530 Wed, 04 May 2016 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209901 The High Court of Calcutta allowed the appeal, directing the Income-tax Authority to pay interest to the appellant under section 244(1A) of the Income-tax Act for delayed payment of interest. The Court ruled in favor of the appellant, applying Supreme Court decisions on interest on interest prospectively and emphasizing the equitable nature of interest payments. The judgment highlighted the binding nature of Supreme Court decisions on legal principles and ordered the Income-tax Authority to comply with the relevant provisions of the Income-tax Act. Case-Laws Income Tax Fri, 17 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209901