https://www.taxtmi.com/caselaws?id=767271 Kerala HC upheld entitlement to interest on refund under Direct Tax Vivad se Vishwas Act, 2020. Department accepted declaration on 24.11.2021 but delayed refund until 29.11.2023, despite 15-day statutory period expiring 8.12.2021. Court held Department equally bound to refund excess amounts within reasonable time, similar to assessee's payment obligation. Applied Interest Act, 1978 provisions, ruling interest payable when delay solely due to Revenue fault. Followed Bombay HC precedent that State must compensate for wrongfully retained money. en-us Mon, 03 Mar 2025 00:00:00 +0530 Fri, 06 Mar 2026 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767271 Kerala HC upheld entitlement to interest on refund under Direct Tax Vivad se Vishwas Act, 2020. Department accepted declaration on 24.11.2021 but delayed refund until 29.11.2023, despite 15-day statutory period expiring 8.12.2021. Court held Department equally bound to refund excess amounts within reasonable time, similar to assessee's payment obligation. Applied Interest Act, 1978 provisions, ruling interest payable when delay solely due to Revenue fault. Followed Bombay HC precedent that State must compensate for wrongfully retained money. Case-Laws Income Tax Mon, 03 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767271