https://www.taxtmi.com/caselaws?id=434293 The Court ruled in favor of the petitioner, directing the respondent to expedite the refund process with interest under Section 244A of the Income Tax Act. The Court emphasized the petitioner's entitlement to compensation for the delay in refund processing and clarified that interest on interest was not permissible. The respondent was instructed to complete necessary procedures within three months, with non-compliance resulting in a compensation payment of Rs.1 lakh. The petition was disposed of with directions to ensure timely refund processing and adherence to statutory provisions on interest payments. en-us Mon, 23 Jan 2023 00:00:00 +0530 Mon, 14 Aug 2023 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434293 The Court ruled in favor of the petitioner, directing the respondent to expedite the refund process with interest under Section 244A of the Income Tax Act. The Court emphasized the petitioner's entitlement to compensation for the delay in refund processing and clarified that interest on interest was not permissible. The respondent was instructed to complete necessary procedures within three months, with non-compliance resulting in a compensation payment of Rs.1 lakh. The petition was disposed of with directions to ensure timely refund processing and adherence to statutory provisions on interest payments. Case-Laws Income Tax Mon, 23 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434293