https://www.taxtmi.com/caselaws?id=763194 Delhi HC held that statutory interest under Section 244A of Income Tax Act does not survive settlement under Direct Tax Vivad Se Vishwas Act, 2020. The court ruled that when appeals are settled under VSV, all disputes including potential outcomes are closed and governed exclusively by VSV provisions. However, due to unexplained delay by revenue authorities in releasing settlement amounts between 2021-2023, the court directed payment of interest at 5% per annum for the delay period as compensation to the petitioner. en-us Wed, 23 Oct 2024 00:00:00 +0530 Fri, 06 Mar 2026 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763194 Delhi HC held that statutory interest under Section 244A of Income Tax Act does not survive settlement under Direct Tax Vivad Se Vishwas Act, 2020. The court ruled that when appeals are settled under VSV, all disputes including potential outcomes are closed and governed exclusively by VSV provisions. However, due to unexplained delay by revenue authorities in releasing settlement amounts between 2021-2023, the court directed payment of interest at 5% per annum for the delay period as compensation to the petitioner. Case-Laws Income Tax Wed, 23 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763194