https://www.taxtmi.com/caselaws?id=795282 Outstanding statutory refund interest accepted in rectification proceedings remained payable despite a system failure. Where the Revenue admits that interest under Section 244A was short-computed and the assessee is not responsible for delay, it must correct the computation and pay the unpaid amount. A refund, including its interest component, constitutes a debt owed to the assessee; prolonged retention of admitted refund interest requires recompense. Compensation at 6% per annum was payable from 19 April 2022 until payment, notwithstanding the absence of an express provision for interest on unpaid interest. 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 statutory refund interest accepted in rectification proceedings remained payable despite a system failure. Where the Revenue admits that interest under Section 244A was short-computed and the assessee is not responsible for delay, it must correct the computation and pay the unpaid amount. A refund, including its interest component, constitutes a debt owed to the assessee; prolonged retention of admitted refund interest requires recompense. Compensation at 6% per annum was payable from 19 April 2022 until payment, notwithstanding the absence of an express provision for interest on unpaid interest. Case-Laws Income Tax Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795282