https://www.taxtmi.com/caselaws?id=235641 The High Court directed the authorities to refund penalty and fine to the petitioner within a specified timeframe, with interest at 9% per annum from the date of the Appellate Order. The court upheld the Trial Court's decision, dismissing the Revenue's challenge against paying interest on refunds of penalty or fine, emphasizing the application of legal principles in tax matters and the need for restitution in cases of erroneous orders. The judgment highlighted the distinction between statutory rights and equitable considerations, ultimately affirming the payment of interest at the rate of 9% per annum. en-us Mon, 06 May 2013 00:00:00 +0530 Sat, 07 May 2016 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235641 The High Court directed the authorities to refund penalty and fine to the petitioner within a specified timeframe, with interest at 9% per annum from the date of the Appellate Order. The court upheld the Trial Court's decision, dismissing the Revenue's challenge against paying interest on refunds of penalty or fine, emphasizing the application of legal principles in tax matters and the need for restitution in cases of erroneous orders. The judgment highlighted the distinction between statutory rights and equitable considerations, ultimately affirming the payment of interest at the rate of 9% per annum. Case-Laws Customs Mon, 06 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235641