https://www.taxtmi.com/caselaws?id=13023 The court allowed the writ petition, declaring the orders declining interest payment under section 244A(2) of the Income-tax Act, 1961 for the assessment year 1996-97 as illegal. It directed the respondents to pay interest to the petitioner in accordance with section 244A(1)(b) for the specified period, emphasizing that interest accrues as compensation for the deprivation of property rights due to unlawful tax collection. The court clarified that interest entitlement does not hinge on the submission of an application by the assessee and that the mere expeditious decision on the application cannot justify denying interest payment. en-us Mon, 09 Oct 2000 00:00:00 +0530 Tue, 26 May 2009 10:02:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13023 The court allowed the writ petition, declaring the orders declining interest payment under section 244A(2) of the Income-tax Act, 1961 for the assessment year 1996-97 as illegal. It directed the respondents to pay interest to the petitioner in accordance with section 244A(1)(b) for the specified period, emphasizing that interest accrues as compensation for the deprivation of property rights due to unlawful tax collection. The court clarified that interest entitlement does not hinge on the submission of an application by the assessee and that the mere expeditious decision on the application cannot justify denying interest payment. Case-Laws Income Tax Mon, 09 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13023