https://www.taxtmi.com/caselaws?id=400471 The High Court allowed the appeal, setting aside previous orders and remanding the matter to the Commissioner of Income Tax (Appeals) to consider the specific issue of interest adjustment under Section 244A of the Income Tax Act. The Court emphasized that only statutory interest is payable for delays, and compensation is warranted for inordinate delays, not additional interest on statutory interest. The Court left substantial questions of law open, directed no costs to be awarded, and closed the connected miscellaneous petition. en-us Wed, 14 Oct 2020 00:00:00 +0530 Sat, 07 Nov 2020 21:11:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400471 The High Court allowed the appeal, setting aside previous orders and remanding the matter to the Commissioner of Income Tax (Appeals) to consider the specific issue of interest adjustment under Section 244A of the Income Tax Act. The Court emphasized that only statutory interest is payable for delays, and compensation is warranted for inordinate delays, not additional interest on statutory interest. The Court left substantial questions of law open, directed no costs to be awarded, and closed the connected miscellaneous petition. Case-Laws Income Tax Wed, 14 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400471