https://www.taxtmi.com/caselaws?id=391081 The Supreme Court ruled in favor of the petitioner, holding that interest under Section 244 A of the Income Tax Act should be granted on the delayed refund of tax paid by the employer for shares allotted. The court emphasized that interest is mandatory in cases of delayed tax refunds, citing previous decisions and statutory provisions. The judgment allowed the writ petition, directing the respondents to pay interest to the petitioner along with the refund amount, providing relief in the form of interest on the delayed refund. en-us Fri, 06 Dec 2019 00:00:00 +0530 Fri, 17 Jan 2020 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391081 The Supreme Court ruled in favor of the petitioner, holding that interest under Section 244 A of the Income Tax Act should be granted on the delayed refund of tax paid by the employer for shares allotted. The court emphasized that interest is mandatory in cases of delayed tax refunds, citing previous decisions and statutory provisions. The judgment allowed the writ petition, directing the respondents to pay interest to the petitioner along with the refund amount, providing relief in the form of interest on the delayed refund. Case-Laws Income Tax Fri, 06 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391081