https://www.taxtmi.com/caselaws?id=448214 The HC held that the assessee was not responsible for the delay in processing the refund. The assessee provided IBAN details but not SWIFT code initially. When the assessee requested to update foreign bank account details with SWIFT code through CPC grievance, the department failed to inform that only Indian bank accounts were eligible for refunds. The department's delay in clarifying requirements and processing the refund after Indian bank account was opened in January 2023 was not attributable to the assessee. The court directed payment of interest under Section 244A at 6% per annum from 01.05.2022 to 05.10.2023 on the refund amount of Rs. 2,27,20,180/-. en-us Tue, 09 Jan 2024 00:00:00 +0530 Thu, 29 Aug 2024 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448214 The HC held that the assessee was not responsible for the delay in processing the refund. The assessee provided IBAN details but not SWIFT code initially. When the assessee requested to update foreign bank account details with SWIFT code through CPC grievance, the department failed to inform that only Indian bank accounts were eligible for refunds. The department's delay in clarifying requirements and processing the refund after Indian bank account was opened in January 2023 was not attributable to the assessee. The court directed payment of interest under Section 244A at 6% per annum from 01.05.2022 to 05.10.2023 on the refund amount of Rs. 2,27,20,180/-. Case-Laws Income Tax Tue, 09 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448214