https://www.taxtmi.com/caselaws?id=21887 HC allowed the petition, holding that s.214(1) recognizes liability to pay 15% interest on tax paid in excess and that same principle extends to interest wrongfully withheld by the Assessing Officer or Government. The court ruled the Assessing Officer was obliged to award interest when granting the refund and that the interest due (i.e., interest on the excess tax) itself attracts simple interest at 15% p.a. from the date it became payable until actual payment. The petition was allowed and the Government held liable to pay such interest. en-us Wed, 16 Oct 1991 00:00:00 +0530 Fri, 24 Oct 2025 20:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21887 HC allowed the petition, holding that s.214(1) recognizes liability to pay 15% interest on tax paid in excess and that same principle extends to interest wrongfully withheld by the Assessing Officer or Government. The court ruled the Assessing Officer was obliged to award interest when granting the refund and that the interest due (i.e., interest on the excess tax) itself attracts simple interest at 15% p.a. from the date it became payable until actual payment. The petition was allowed and the Government held liable to pay such interest. Case-Laws Income Tax Wed, 16 Oct 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21887