https://www.taxtmi.com/caselaws?id=750913 The Bombay HC ruled on a petition regarding delayed refund under the Direct Tax Vivad Se Vishwas Scheme 2020. The department argued that despite conceding the refund amount and eventually paying it, interest should not be levied due to technical delays. Following precedent from UPS Freight Services case, the HC held that mere technical issues without substantial justification cannot excuse interest payment. The court directed the department to pay 6% per annum interest under Section 244(A) of the Income Tax Act from the due date until actual payment, to be calculated and paid within 30 days. The petition was partly allowed. en-us Fri, 23 Feb 2024 00:00:00 +0530 Wed, 03 Apr 2024 09:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750913 The Bombay HC ruled on a petition regarding delayed refund under the Direct Tax Vivad Se Vishwas Scheme 2020. The department argued that despite conceding the refund amount and eventually paying it, interest should not be levied due to technical delays. Following precedent from UPS Freight Services case, the HC held that mere technical issues without substantial justification cannot excuse interest payment. The court directed the department to pay 6% per annum interest under Section 244(A) of the Income Tax Act from the due date until actual payment, to be calculated and paid within 30 days. The petition was partly allowed. Case-Laws Income Tax Fri, 23 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750913