https://www.taxtmi.com/caselaws?id=257344 The Court held that the assessee was not entitled to any sum beyond the interest payable under Section 244A(1) for delayed payment of interest on the principal refund amount. The matter was remitted to the Assessing Officer, and the judgment favored the revenue, emphasizing the binding precedent set in Commissioner of Income Tax v. Gujarat Fluoro Chemicals and the inapplicability of interest on interest as per Section 244A. The appeal was partly allowed, clarifying that only interest provided for under the statute could be claimed by the assessee. en-us Tue, 03 Mar 2015 00:00:00 +0530 Thu, 23 Jul 2026 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257344 The Court held that the assessee was not entitled to any sum beyond the interest payable under Section 244A(1) for delayed payment of interest on the principal refund amount. The matter was remitted to the Assessing Officer, and the judgment favored the revenue, emphasizing the binding precedent set in Commissioner of Income Tax v. Gujarat Fluoro Chemicals and the inapplicability of interest on interest as per Section 244A. The appeal was partly allowed, clarifying that only interest provided for under the statute could be claimed by the assessee. Case-Laws Income Tax Tue, 03 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257344