https://www.taxtmi.com/caselaws?id=289907 The High Court dismissed the appeal, upholding the ITAT's decision to direct payment of compensation in the form of simple interest on delayed refund under Section 244-A of the Income Tax Act. The Court emphasized that interest on delayed refunds is part of the principal amount, as clarified by the Supreme Court, and rejected the appellant's argument against the compensation order. The judgment highlighted the importance of statutory provisions and monetary limits for filing appeals in income tax cases, providing clarity on the issues raised in the case. en-us Mon, 25 Nov 2019 00:00:00 +0530 Mon, 09 Nov 2020 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289907 The High Court dismissed the appeal, upholding the ITAT's decision to direct payment of compensation in the form of simple interest on delayed refund under Section 244-A of the Income Tax Act. The Court emphasized that interest on delayed refunds is part of the principal amount, as clarified by the Supreme Court, and rejected the appellant's argument against the compensation order. The judgment highlighted the importance of statutory provisions and monetary limits for filing appeals in income tax cases, providing clarity on the issues raised in the case. Case-Laws Income Tax Mon, 25 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289907