https://www.taxtmi.com/caselaws?id=764578 The court determined that the assessee is entitled to interest on a tax refund until the date the funds are actually credited to their account, rather than the date the refund order is signed. This decision aligns with the principle of compensating for the time value of money, as established in the Nokia Solutions case. The court directed the Assessing Officer/CPC to calculate interest up to 31-01-2024, thus ruling in favor of the assessee and rejecting the opposing argument that the refund is granted upon signing the order. en-us Thu, 09 Jan 2025 00:00:00 +0530 Mon, 13 Jan 2025 19:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764578 The court determined that the assessee is entitled to interest on a tax refund until the date the funds are actually credited to their account, rather than the date the refund order is signed. This decision aligns with the principle of compensating for the time value of money, as established in the Nokia Solutions case. The court directed the Assessing Officer/CPC to calculate interest up to 31-01-2024, thus ruling in favor of the assessee and rejecting the opposing argument that the refund is granted upon signing the order. Case-Laws Income Tax Thu, 09 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764578