https://www.taxtmi.com/caselaws?id=310418 Delhi HC held that the Department must pay interest on cleared bills when payment is delayed beyond three working days after clearance. The court reiterated its March 2016 directions and dismissed the Department's modification application. Interest serves to incentivize prompt payment and compensate counsel for delays beyond their control. The Department was ordered to issue instructions requiring interest payment at the same rate applicable to assessee refunds for any delay in RTGS payment after bill clearance. Petition disposed of. en-us Fri, 29 Jul 2016 00:00:00 +0530 Tue, 24 Oct 2023 10:31:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310418 Delhi HC held that the Department must pay interest on cleared bills when payment is delayed beyond three working days after clearance. The court reiterated its March 2016 directions and dismissed the Department's modification application. Interest serves to incentivize prompt payment and compensate counsel for delays beyond their control. The Department was ordered to issue instructions requiring interest payment at the same rate applicable to assessee refunds for any delay in RTGS payment after bill clearance. Petition disposed of. Case-Laws Indian Laws Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310418