https://www.taxtmi.com/caselaws?id=785584 Entitlement to interest on delayed tax refund under the statutory refund scheme was considered; court applied precedent and statutory mandate to hold that interest accrues from the date refunds become due, and must be computed until the date of actual payment, resulting in interest being calculated up to the refund date of 15 January 2025. The statutory 60-day presumptive refund period after return filing was applied to fix the commencement date of interest from 25 June 2009, at 6% per annum; the assessing authority was directed to compute interest on the refunded amount of Rs.2,87,538 and the petitions were allowed. en-us Thu, 08 Jan 2026 00:00:00 +0530 Wed, 28 Jan 2026 07:26:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785584 Entitlement to interest on delayed tax refund under the statutory refund scheme was considered; court applied precedent and statutory mandate to hold that interest accrues from the date refunds become due, and must be computed until the date of actual payment, resulting in interest being calculated up to the refund date of 15 January 2025. The statutory 60-day presumptive refund period after return filing was applied to fix the commencement date of interest from 25 June 2009, at 6% per annum; the assessing authority was directed to compute interest on the refunded amount of Rs.2,87,538 and the petitions were allowed. Case-Laws VAT / Sales Tax Thu, 08 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785584