https://www.taxtmi.com/caselaws?id=198669 The Tribunal held that the assessee was entitled to interest under Section 244A until the actual refund issuance date and also to interest on the delayed interest amount. The Tribunal dismissed the Department's appeals and allowed the assessee's appeals. It was determined that the refund is considered granted only upon the issuance of the refund voucher, entitling the assessee to interest on any delayed amount, even if due to administrative reasons. The Tribunal affirmed the relevance of the Supreme Court's decision in Sandvik Asia Ltd. for awarding interest on interest. en-us Fri, 15 Jul 2011 00:00:00 +0530 Thu, 06 Apr 2023 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198669 The Tribunal held that the assessee was entitled to interest under Section 244A until the actual refund issuance date and also to interest on the delayed interest amount. The Tribunal dismissed the Department's appeals and allowed the assessee's appeals. It was determined that the refund is considered granted only upon the issuance of the refund voucher, entitling the assessee to interest on any delayed amount, even if due to administrative reasons. The Tribunal affirmed the relevance of the Supreme Court's decision in Sandvik Asia Ltd. for awarding interest on interest. Case-Laws Income Tax Fri, 15 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198669