https://www.taxtmi.com/caselaws?id=380368 The CESTAT New Delhi allowed the Appellant's appeal, granting interest of Rs. 6,84,274 on the delayed refund. The Tribunal set aside the Commissioner's order, emphasizing that despite the absence of a specific provision for interest on delayed interest, legal precedents justify such a grant. The Tribunal relied on Supreme Court and High Court rulings, affirming that the Revenue is liable for interest on unjustifiably withheld amounts. Consequently, the Appellant was awarded the interest, recognizing the inordinate delay faced in receiving the legitimate claim. en-us Fri, 17 May 2019 00:00:00 +0530 Mon, 11 Nov 2024 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380368 The CESTAT New Delhi allowed the Appellant's appeal, granting interest of Rs. 6,84,274 on the delayed refund. The Tribunal set aside the Commissioner's order, emphasizing that despite the absence of a specific provision for interest on delayed interest, legal precedents justify such a grant. The Tribunal relied on Supreme Court and High Court rulings, affirming that the Revenue is liable for interest on unjustifiably withheld amounts. Consequently, the Appellant was awarded the interest, recognizing the inordinate delay faced in receiving the legitimate claim. Case-Laws Central Excise Fri, 17 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380368