https://www.taxtmi.com/caselaws?id=762394 The HC set aside the tax authority's order denying interest on refund under Section 244A(2). The court found that while the provision excludes delays attributable to the assessee from interest calculation, the department failed to consider that delays were caused by their own faults rather than the petitioner's actions. The court rejected applying a rigid formula to all refund cases and remanded the matter, directing the respondent to reconsider the interest claim and release interest at 6% per annum from the revision petition filing date (31.03.2014) until payment date (31.10.2024), after adjusting previously refunded amounts. en-us Sat, 19 Oct 2024 00:00:00 +0530 Sat, 30 Nov 2024 08:41:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762394 The HC set aside the tax authority's order denying interest on refund under Section 244A(2). The court found that while the provision excludes delays attributable to the assessee from interest calculation, the department failed to consider that delays were caused by their own faults rather than the petitioner's actions. The court rejected applying a rigid formula to all refund cases and remanded the matter, directing the respondent to reconsider the interest claim and release interest at 6% per annum from the revision petition filing date (31.03.2014) until payment date (31.10.2024), after adjusting previously refunded amounts. Case-Laws Income Tax Sat, 19 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762394