https://www.taxtmi.com/caselaws?id=34910 The High Court held that when tax refunds are issued along with interest within the statutory period, no further payment of interest on interest is necessary. The Court ruled in favor of the revenue, dismissing all appeals and awarding costs of Rs. 5000/- per appeal. The Tribunal found that the refunds, including interest, were timely paid, distinguishing the case from Sandvik Asia Ltd., where interest was wrongfully withheld for an extended period. en-us Fri, 30 Oct 2009 00:00:00 +0530 Fri, 01 Feb 2013 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34910 The High Court held that when tax refunds are issued along with interest within the statutory period, no further payment of interest on interest is necessary. The Court ruled in favor of the revenue, dismissing all appeals and awarding costs of Rs. 5000/- per appeal. The Tribunal found that the refunds, including interest, were timely paid, distinguishing the case from Sandvik Asia Ltd., where interest was wrongfully withheld for an extended period. Case-Laws Income Tax Fri, 30 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34910