https://www.taxtmi.com/caselaws?id=756478 Where a refund is paid belatedly, interest continues to run until the date fixed by the Court for actual payment. The Bombay High Court noted that the refund had already been received but the balance interest remained unpaid, and therefore directed payment of the outstanding interest up to 1 March 2024 in favour of the assessee. The Court also warned that non-compliance with the direction could amount to wilful disobedience and expose the defaulter to contempt action. en-us Tue, 27 Feb 2024 00:00:00 +0530 Fri, 02 Aug 2024 13:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756478 Where a refund is paid belatedly, interest continues to run until the date fixed by the Court for actual payment. The Bombay High Court noted that the refund had already been received but the balance interest remained unpaid, and therefore directed payment of the outstanding interest up to 1 March 2024 in favour of the assessee. The Court also warned that non-compliance with the direction could amount to wilful disobedience and expose the defaulter to contempt action. Case-Laws Income Tax Tue, 27 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756478