https://www.taxtmi.com/caselaws?id=411857 The court ruled in favor of the petitioner, holding that they were entitled to additional interest under Section 244A(1A) for the delayed refund period. The court clarified the distinction between "fresh assessment" and "reassessment" under Section 153 of the Income Tax Act, emphasizing the importance of timely compliance with orders giving effect to appellate decisions. The impugned order denying additional interest was quashed, allowing the petitioner to claim the interest amount, with directions for prompt payment by the respondents. The judgment highlighted the significance of adhering to statutory timelines and ensuring fairness in tax matters. en-us Wed, 25 Aug 2021 00:00:00 +0530 Mon, 25 May 2026 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411857 The court ruled in favor of the petitioner, holding that they were entitled to additional interest under Section 244A(1A) for the delayed refund period. The court clarified the distinction between "fresh assessment" and "reassessment" under Section 153 of the Income Tax Act, emphasizing the importance of timely compliance with orders giving effect to appellate decisions. The impugned order denying additional interest was quashed, allowing the petitioner to claim the interest amount, with directions for prompt payment by the respondents. The judgment highlighted the significance of adhering to statutory timelines and ensuring fairness in tax matters. Case-Laws Income Tax Wed, 25 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411857