https://www.taxtmi.com/highlights?id=101881 Statutory refund interest under Section 244A must be rectified where an accepted rectification application shows that interest was short-granted. The notes state that a system-related failure to implement the accepted computation does not defeat entitlement to the outstanding statutory interest. They further explain that tax refunds and accrued statutory interest constitute a debt owed by the Revenue; delayed payment of admitted interest, when not attributable to the taxpayer, may attract interest or compensation without constituting impermissible interest-on-interest. The described direction requires payment of the outstanding Section 244A interest and compensation for delayed payment. en-us Mon, 20 Jul 2026 09:37:28 +0530 Mon, 20 Jul 2026 09:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=101881 Statutory refund interest under Section 244A must be rectified where an accepted rectification application shows that interest was short-granted. The notes state that a system-related failure to implement the accepted computation does not defeat entitlement to the outstanding statutory interest. They further explain that tax refunds and accrued statutory interest constitute a debt owed by the Revenue; delayed payment of admitted interest, when not attributable to the taxpayer, may attract interest or compensation without constituting impermissible interest-on-interest. The described direction requires payment of the outstanding Section 244A interest and compensation for delayed payment. Highlights Income Tax Mon, 20 Jul 2026 09:37:28 +0530 https://www.taxtmi.com/highlights?id=101881