https://www.taxtmi.com/caselaws?id=446669 Determination under the Vivad Se Vishwas Act produced a refundable amount by issuance of Form No.5; the Explanation addressing pre-declaration payments does not bar entitlement to interest for delay after Form No.5. The respondents refunded/adjusted the amount months later without adequate justification; therefore the affected party is entitled to interest for delay beyond a 90day period from the determination date. Interest is directed at 6% per annum from the day after the 90day period until actual payment, with interest calculated on outstanding balances for each partial payment date. Reliance on restitution principles supports awarding interest for unjust retention. en-us Tue, 05 Dec 2023 00:00:00 +0530 Wed, 04 Feb 2026 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446669 Determination under the Vivad Se Vishwas Act produced a refundable amount by issuance of Form No.5; the Explanation addressing pre-declaration payments does not bar entitlement to interest for delay after Form No.5. The respondents refunded/adjusted the amount months later without adequate justification; therefore the affected party is entitled to interest for delay beyond a 90day period from the determination date. Interest is directed at 6% per annum from the day after the 90day period until actual payment, with interest calculated on outstanding balances for each partial payment date. Reliance on restitution principles supports awarding interest for unjust retention. Case-Laws Income Tax Tue, 05 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446669