https://www.taxtmi.com/caselaws?id=242226 The court held that interest on the refund due to the assessee accrues on a day-to-day basis from the date of payment of tax until the refund is granted. The interest should be spread over the respective assessment years for which it is paid. The court found in favor of the assessee, ruling against the revenue. The case was disposed of with no order as to costs. en-us Thu, 19 Dec 2013 00:00:00 +0530 Mon, 07 Apr 2014 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242226 The court held that interest on the refund due to the assessee accrues on a day-to-day basis from the date of payment of tax until the refund is granted. The interest should be spread over the respective assessment years for which it is paid. The court found in favor of the assessee, ruling against the revenue. The case was disposed of with no order as to costs. Case-Laws Income Tax Thu, 19 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242226