https://www.taxtmi.com/caselaws?id=460499 The SC addressed a petition contesting an HC order that mandated a 15% per annum interest on a tax refund, which the petitioner claimed violated Section 244A of the Income Tax Act, 1961. The SC referenced a precedent case and issued a notice returnable in twelve weeks, allowing "Dasti" service. The Court required a counter affidavit within six weeks and granted a stay on the HC's directive for interest exceeding 6% per annum until the next listing date. en-us Fri, 13 Aug 2021 00:00:00 +0530 Tue, 28 Jan 2025 18:56:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460499 The SC addressed a petition contesting an HC order that mandated a 15% per annum interest on a tax refund, which the petitioner claimed violated Section 244A of the Income Tax Act, 1961. The SC referenced a precedent case and issued a notice returnable in twelve weeks, allowing "Dasti" service. The Court required a counter affidavit within six weeks and granted a stay on the HC's directive for interest exceeding 6% per annum until the next listing date. Case-Laws Income Tax Fri, 13 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460499