https://www.taxtmi.com/caselaws?id=442181 The Tribunal upheld the Commissioner (Appeals) decision to grant interest on delayed refund at the notified rate of 6%, rejecting the appellant's request for a higher rate of 9%. The appellant's argument for financial constraints due to incorrect classification and borrowing at high interest rates was not deemed sufficient to warrant an enhanced interest rate. The Tribunal emphasized that the delay of 253 days did not meet the threshold for granting a higher rate, leading to the dismissal of the appeal for lack of merit. en-us Thu, 24 Aug 2023 00:00:00 +0530 Sat, 26 Aug 2023 08:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442181 The Tribunal upheld the Commissioner (Appeals) decision to grant interest on delayed refund at the notified rate of 6%, rejecting the appellant's request for a higher rate of 9%. The appellant's argument for financial constraints due to incorrect classification and borrowing at high interest rates was not deemed sufficient to warrant an enhanced interest rate. The Tribunal emphasized that the delay of 253 days did not meet the threshold for granting a higher rate, leading to the dismissal of the appeal for lack of merit. Case-Laws Customs Thu, 24 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442181