https://www.taxtmi.com/caselaws?id=787512 Refunds determined by issuance of Form No.5 under the Direct Tax Vivad Se Vishwas Act are treated as refunds of tax for purposes of the Income-tax Act, and the statute-specific Explanation to section 7 (addressing amounts paid before declaration) does not operate to exclude interest on such refunds. Applying the principle that interest is payable as compensation for undue retention of State funds and absent an express exclusion in the special enactment, interest under section 244A is payable for delay beyond the prescribed period; appeals were allowed in favour of the assessee. en-us Thu, 12 Feb 2026 00:00:00 +0530 Sat, 07 Mar 2026 08:39:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787512 Refunds determined by issuance of Form No.5 under the Direct Tax Vivad Se Vishwas Act are treated as refunds of tax for purposes of the Income-tax Act, and the statute-specific Explanation to section 7 (addressing amounts paid before declaration) does not operate to exclude interest on such refunds. Applying the principle that interest is payable as compensation for undue retention of State funds and absent an express exclusion in the special enactment, interest under section 244A is payable for delay beyond the prescribed period; appeals were allowed in favour of the assessee. Case-Laws Income Tax Thu, 12 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787512