https://www.taxtmi.com/caselaws?id=38444 The court ruled in favor of the assessee, determining that the enhanced rate of interest at 6 per cent per annum on tax refunds for the years 1956-57, 1957-58, and 1958-59 should be payable from the expiry of six months from the date of the order referred to in section 240 of the Income-tax Act, 1961. The judgment emphasized that the liability to interest is linked to the date of the original order for refund and not subsequent orders by the Income-tax Officer. The decision favored the assessee, awarding costs in their favor. en-us Mon, 14 Nov 1977 00:00:00 +0530 Tue, 06 Apr 2010 12:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38444 The court ruled in favor of the assessee, determining that the enhanced rate of interest at 6 per cent per annum on tax refunds for the years 1956-57, 1957-58, and 1958-59 should be payable from the expiry of six months from the date of the order referred to in section 240 of the Income-tax Act, 1961. The judgment emphasized that the liability to interest is linked to the date of the original order for refund and not subsequent orders by the Income-tax Officer. The decision favored the assessee, awarding costs in their favor. Case-Laws Income Tax Mon, 14 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38444