https://www.taxtmi.com/caselaws?id=783983 Whether an assessee settling under the Direct Tax Vivad Se Vishwas Act, 2020 is entitled to interest for a substantially delayed refund, and to "interest on interest," was determined by applying the binding ratio in SC precedent and consistent HC authority holding that statutory interest on refund is compensatory and accrues for the period of wrongful retention, and that consequential interest on the delayed payment of such interest is payable where the refund is not released in time. A writ of mandamus was issued directing the revenue to pay interest at 6% p.a. on the delayed refund from 25-05-2021 until actual payment on 10-01-2024, and to pay interest on the interest for the same period. en-us Mon, 15 Dec 2025 00:00:00 +0530 Fri, 26 Dec 2025 07:18:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783983 Whether an assessee settling under the Direct Tax Vivad Se Vishwas Act, 2020 is entitled to interest for a substantially delayed refund, and to "interest on interest," was determined by applying the binding ratio in SC precedent and consistent HC authority holding that statutory interest on refund is compensatory and accrues for the period of wrongful retention, and that consequential interest on the delayed payment of such interest is payable where the refund is not released in time. A writ of mandamus was issued directing the revenue to pay interest at 6% p.a. on the delayed refund from 25-05-2021 until actual payment on 10-01-2024, and to pay interest on the interest for the same period. Case-Laws Income Tax Mon, 15 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783983