https://www.taxtmi.com/caselaws?id=780766 HC directed the revenue authority to credit Rs.36,85,243 to the petitioner with interest at 3% under s.244(1A) of the Income Tax Act within one week, holding statutory interest payable due to inaction after an ITAT direction. The court noted the Assessing Authority failed to complete reassessment within the s.153(3) timeframe and only acted after the writ was filed; criticized the Department's delay despite reminders and ordered payment of the computed amount with interest. en-us Thu, 30 Oct 2025 00:00:00 +0530 Wed, 05 Nov 2025 08:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780766 HC directed the revenue authority to credit Rs.36,85,243 to the petitioner with interest at 3% under s.244(1A) of the Income Tax Act within one week, holding statutory interest payable due to inaction after an ITAT direction. The court noted the Assessing Authority failed to complete reassessment within the s.153(3) timeframe and only acted after the writ was filed; criticized the Department's delay despite reminders and ordered payment of the computed amount with interest. Case-Laws Income Tax Thu, 30 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780766