https://www.taxtmi.com/caselaws?id=332406 Where a taxing statute is silent on interest on refund, compensatory interest may be payable for wrongful deprivation of money due, but interest on interest is not permissible unless the statute expressly authorises it. The article notes that this distinction was applied by the Gujarat High Court by relying on an earlier coordinate Bench ruling and the Supreme Court's approach, and it declined to depart from that precedent. The assessee's claim for relief on the refund-interest issue was therefore not accepted, and the Tribunal's view on the covered question was left undisturbed. en-us Mon, 29 Aug 2016 00:00:00 +0530 Fri, 16 Mar 2018 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332406 Where a taxing statute is silent on interest on refund, compensatory interest may be payable for wrongful deprivation of money due, but interest on interest is not permissible unless the statute expressly authorises it. The article notes that this distinction was applied by the Gujarat High Court by relying on an earlier coordinate Bench ruling and the Supreme Court's approach, and it declined to depart from that precedent. The assessee's claim for relief on the refund-interest issue was therefore not accepted, and the Tribunal's view on the covered question was left undisturbed. Case-Laws VAT and Sales Tax Mon, 29 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332406