https://www.taxtmi.com/caselaws?id=252953 The High Court dismissed the petitioner's claim for interest on interest on refund amounts, citing precedents that only interest provided under the statute could be claimed, not interest on statutory interest. The Court also rejected the petitioner's request for compensation in lieu of interest on interest, as statutory interest had already been factored into the calculations. The Court directed the respondent to verify the payment of due amounts to the petitioner and settle any unpaid balances within three months, allowing the petitioner to present relevant documents for clarification within one month. en-us Tue, 28 Oct 2014 00:00:00 +0530 Fri, 07 Nov 2014 13:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252953 The High Court dismissed the petitioner's claim for interest on interest on refund amounts, citing precedents that only interest provided under the statute could be claimed, not interest on statutory interest. The Court also rejected the petitioner's request for compensation in lieu of interest on interest, as statutory interest had already been factored into the calculations. The Court directed the respondent to verify the payment of due amounts to the petitioner and settle any unpaid balances within three months, allowing the petitioner to present relevant documents for clarification within one month. Case-Laws Income Tax Tue, 28 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252953