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of <h1>US LLC Wins Interest on Delayed Tax Refund; Court Cites Section 244A for Interest Payment from May 2022 to Oct 2023.</h1> The petitioner, a US-based LLC, sought interest on a delayed tax refund for the 2021-22 assessment year. The refund, initially delayed due to issues with inputting SWIFT code and IBAN, was processed only after the petitioner set up an Indian bank account. The court found the delay was not attributable to the petitioner, as they had requested assistance in April 2022. Under Section 244A of the Income Tax Act, the court granted interest from 01.05.2022 to 05.10.2023. The respondents were directed to pay the specified interest within two months of the court's order.
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