https://www.taxtmi.com/caselaws?id=237662 SC analyzed the liability of Revenue to pay interest when Advance Tax or TDS exceeds assessed tax. The Court clarified that Revenue's interest obligation is limited to statutory provisions under Section 244A of Income Tax Act. The landmark Sandvik case was reinterpreted as an exceptional compensation scenario, not a general rule for interest on interest. The Court rejected automatic entitlement to penal interest, emphasizing strict adherence to statutory framework. en-us Wed, 18 Sep 2013 00:00:00 +0530 Wed, 11 Jun 2025 10:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237662 SC analyzed the liability of Revenue to pay interest when Advance Tax or TDS exceeds assessed tax. The Court clarified that Revenue's interest obligation is limited to statutory provisions under Section 244A of Income Tax Act. The landmark Sandvik case was reinterpreted as an exceptional compensation scenario, not a general rule for interest on interest. The Court rejected automatic entitlement to penal interest, emphasizing strict adherence to statutory framework. Case-Laws Income Tax Wed, 18 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237662