https://www.taxtmi.com/caselaws?id=761518 The HC disposed of the writ petition, ruling that the petitioner's request for interest under Section 244 A was inapplicable, as this section pertains to delayed refunds by the Department, not private entities. The Court deemed the initial prayer moot due to the respondent's deposit of the deducted amount. It clarified that the petitioner could pursue compensation for losses from the delayed deposit in an appropriate forum. The judgment emphasized the contractual nature of the issue between the petitioner and respondent No. 2, dismissing the claim for interest due to the absence of grounds for such a writ. en-us Mon, 04 Nov 2024 00:00:00 +0530 Tue, 12 Nov 2024 08:52:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761518 The HC disposed of the writ petition, ruling that the petitioner's request for interest under Section 244 A was inapplicable, as this section pertains to delayed refunds by the Department, not private entities. The Court deemed the initial prayer moot due to the respondent's deposit of the deducted amount. It clarified that the petitioner could pursue compensation for losses from the delayed deposit in an appropriate forum. The judgment emphasized the contractual nature of the issue between the petitioner and respondent No. 2, dismissing the claim for interest due to the absence of grounds for such a writ. Case-Laws Income Tax Mon, 04 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761518