https://www.taxtmi.com/caselaws?id=8891 Pending refund-related proceedings initiated under the Indian Income-tax Act, 1922 were treated as governed by the repealed regime through section 297 of the 1961 Act and the Income-tax (Removal of Difficulties) Order, 1962. On that basis, the Court held that any entitlement to interest had to arise strictly within the statutory framework after the appellate or reference order, not on equitable grounds from the date of payment. It further held that where the taxing statute assigns refund interest to a designated authority and provides its own machinery, a civil court cannot grant interest or compensation by money decree, as the suit remedy is excluded by the statute. en-us Fri, 28 Jul 1972 00:00:00 +0530 Wed, 17 Jun 2009 09:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8891 Pending refund-related proceedings initiated under the Indian Income-tax Act, 1922 were treated as governed by the repealed regime through section 297 of the 1961 Act and the Income-tax (Removal of Difficulties) Order, 1962. On that basis, the Court held that any entitlement to interest had to arise strictly within the statutory framework after the appellate or reference order, not on equitable grounds from the date of payment. It further held that where the taxing statute assigns refund interest to a designated authority and provides its own machinery, a civil court cannot grant interest or compensation by money decree, as the suit remedy is excluded by the statute. Case-Laws Income Tax Fri, 28 Jul 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8891