Supreme Court rules refund must include statutory interest under Income Tax Act, 1961; High Court's direction was unnecessary.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....No direction should not have been given by the HC when there is a statutory provision with regard to the payment of interest - the amount of refund should be given to the appellant along with statutory interest, as per the provisions of Income Tax Act, 1961 - SC....