https://www.taxtmi.com/caselaws?id=256453 The High Court directed the respondents to grant compensation by way of interest at a rate of 9% per annum on the refunded amount for the period from July 1, 1987, to November 13, 1990. The court clarified that while the petitioner is entitled to compensation by way of interest, they are not entitled to further compensation by way of interest on such interest. The decision was based on Supreme Court rulings emphasizing compensation for delays in payment without extending to interest on interest. en-us Fri, 30 Jan 2015 00:00:00 +0530 Sat, 07 Nov 2015 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256453 The High Court directed the respondents to grant compensation by way of interest at a rate of 9% per annum on the refunded amount for the period from July 1, 1987, to November 13, 1990. The court clarified that while the petitioner is entitled to compensation by way of interest, they are not entitled to further compensation by way of interest on such interest. The decision was based on Supreme Court rulings emphasizing compensation for delays in payment without extending to interest on interest. Case-Laws Income Tax Fri, 30 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256453