https://www.taxtmi.com/caselaws?id=37790 Interest on delayed tax refund was treated as a compensatory receipt for detention of money, separate from the refund itself. Because the partnership deed referred only to refunds and not to interest on refunds, the firm's entitlement to the refund did not extend to the statutory interest. The legal character of the interest remained distinct from the principal refund, so it was assessable in the hands of the deceased assessee and not as income of the firm that had taken over the business. en-us Thu, 23 Sep 1976 00:00:00 +0530 Thu, 01 Apr 2010 11:35:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37790 Interest on delayed tax refund was treated as a compensatory receipt for detention of money, separate from the refund itself. Because the partnership deed referred only to refunds and not to interest on refunds, the firm's entitlement to the refund did not extend to the statutory interest. The legal character of the interest remained distinct from the principal refund, so it was assessable in the hands of the deceased assessee and not as income of the firm that had taken over the business. Case-Laws Income Tax Thu, 23 Sep 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37790