https://www.taxtmi.com/caselaws?id=795282 Outstanding refund interest accepted as correctly payable in rectification proceedings remained due despite a system failure. The notes state that statutory interest on refunds under Section 244A must be corrected and paid where its short computation is undisputed. They further state that when accepted refund interest remains unpaid for years without delay attributable to the assessee, the Revenue must compensate for its wrongful retention and use of the money. Such compensation may be awarded notwithstanding the absence of an express provision for interest on unpaid interest, because the unpaid refund amount, including its interest component, is a debt owed to the assessee. en-us Tue, 14 Jul 2026 00:00:00 +0530 Mon, 20 Jul 2026 09:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795282 Outstanding refund interest accepted as correctly payable in rectification proceedings remained due despite a system failure. The notes state that statutory interest on refunds under Section 244A must be corrected and paid where its short computation is undisputed. They further state that when accepted refund interest remains unpaid for years without delay attributable to the assessee, the Revenue must compensate for its wrongful retention and use of the money. Such compensation may be awarded notwithstanding the absence of an express provision for interest on unpaid interest, because the unpaid refund amount, including its interest component, is a debt owed to the assessee. Case-Laws Income Tax Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795282