https://www.taxtmi.com/caselaws?id=351109 The ITAT allowed the appeals filed by the assessee, directing the Revenue to pay compensation in the form of simple interest on the amount due at the rate applicable for delayed payment of excess tax paid. The ITAT held that the term "any amount" in Section 244A includes both principal and interest components, emphasizing that interest becomes part of the amount due and payable. Due to an inordinate delay of over 10 years in payment, the assessee was entitled to compensation for the delay. en-us Mon, 30 Oct 2017 00:00:00 +0530 Sun, 30 Aug 2020 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351109 The ITAT allowed the appeals filed by the assessee, directing the Revenue to pay compensation in the form of simple interest on the amount due at the rate applicable for delayed payment of excess tax paid. The ITAT held that the term "any amount" in Section 244A includes both principal and interest components, emphasizing that interest becomes part of the amount due and payable. Due to an inordinate delay of over 10 years in payment, the assessee was entitled to compensation for the delay. Case-Laws Income Tax Mon, 30 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351109