Taxpayer gets refund + 8% interest for delay, 2% interest penalty on officers for inaction.

Taxpayer gets refund + 8% interest for delay, 2% interest penalty on officers for inaction. https://www.taxtmi.com/highlights?id=79409 Petitioner entitled to refund of admittedly due amount along with interest at 8% p.a. instead of statutory 6% for Revenue's delay in releasing refund. Difference of 2% interest to be recovered from officers responsible for inaction. Petition disposed of. en-us Mon, 15 Jul 2024 08:17:59 +0530 Mon, 15 Jul 2024 08:17:59 +0530 TaxTMI RSS Generator Taxpayer gets refund + 8% interest for delay, 2% interest penalty on officers for inaction. https://www.taxtmi.com/highlights?id=79409 Petitioner entitled to refund of admittedly due amount along with interest at 8% p.a. instead of statutory 6% for Revenue's delay in releasing refund. Difference of 2% interest to be recovered from officers responsible for inaction. Petition disposed of. Highlights Customs Mon, 15 Jul 2024 08:17:59 +0530 https://www.taxtmi.com/highlights?id=79409