https://www.taxtmi.com/caselaws?id=392160 The Tribunal upheld the decision rejecting the appellant's claim for interest on interest under Section 11BB of the Central Excise Act, 1944. Citing the Supreme Court ruling in Commissioner of Income Tax, Gujarat Vs. Gujarat Fluoro Chemicals, the Tribunal emphasized that no provision exists for such payments if the initial interest was paid belatedly. The judgment clarifies the legal stance on interest on interest claims, highlighting the significance of statutory provisions and judicial precedents in determining entitlement to interest on refunds. en-us Wed, 29 Jan 2020 00:00:00 +0530 Fri, 14 Feb 2020 11:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392160 The Tribunal upheld the decision rejecting the appellant's claim for interest on interest under Section 11BB of the Central Excise Act, 1944. Citing the Supreme Court ruling in Commissioner of Income Tax, Gujarat Vs. Gujarat Fluoro Chemicals, the Tribunal emphasized that no provision exists for such payments if the initial interest was paid belatedly. The judgment clarifies the legal stance on interest on interest claims, highlighting the significance of statutory provisions and judicial precedents in determining entitlement to interest on refunds. Case-Laws Central Excise Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392160