https://www.taxtmi.com/caselaws?id=22076 The court allowed the revision against the trial court's refusal to direct payment of interest to the petitioner in a dispute over an income-tax refund. It was held that the interest should be paid to the petitioner upon furnishing a bank guarantee equivalent to the interest amount, aligning with the conditions set for the principal amount as directed by the High Court. The judgment emphasizes the obligation to pay interest on the refunded amount in line with the terms established for the principal sum and underscores the importance of lower courts following higher court directives in similar situations. en-us Mon, 26 Aug 1991 00:00:00 +0530 Sat, 05 Dec 2009 18:00:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22076 The court allowed the revision against the trial court's refusal to direct payment of interest to the petitioner in a dispute over an income-tax refund. It was held that the interest should be paid to the petitioner upon furnishing a bank guarantee equivalent to the interest amount, aligning with the conditions set for the principal amount as directed by the High Court. The judgment emphasizes the obligation to pay interest on the refunded amount in line with the terms established for the principal sum and underscores the importance of lower courts following higher court directives in similar situations. Case-Laws Income Tax Mon, 26 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22076