https://www.taxtmi.com/caselaws?id=20720 The High Court ruled in favor of the petitioner, emphasizing the authority's obligation to adhere to state High Court decisions. The petitioner, seeking interest under section 214 on refunded tax, had their application dismissed by the Commissioner of Income-tax. The High Court directed a fresh consideration in line with Calcutta High Court decisions, granting the petitioner an opportunity to present their case. The court clarified that the rejection of interest cannot be sustained, setting aside the order and staying its operation until a specified date. This case underscores the significance of following established legal precedents in interest calculations on tax refunds. en-us Thu, 17 Sep 1992 00:00:00 +0530 Mon, 16 Nov 2009 17:29:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20720 The High Court ruled in favor of the petitioner, emphasizing the authority's obligation to adhere to state High Court decisions. The petitioner, seeking interest under section 214 on refunded tax, had their application dismissed by the Commissioner of Income-tax. The High Court directed a fresh consideration in line with Calcutta High Court decisions, granting the petitioner an opportunity to present their case. The court clarified that the rejection of interest cannot be sustained, setting aside the order and staying its operation until a specified date. This case underscores the significance of following established legal precedents in interest calculations on tax refunds. Case-Laws Income Tax Thu, 17 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20720